UAE: UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, has tied up with ICICI Bank, India’s largest private sector bank, to offer an instant bank transfer service, ‘FLASHremit’. Using this service, the customers of the bank, residing in the UAE, can send money instantly to any ICICI Bank account in India in a secure manner.
Promoth Manghat, Dy. CEO, UAE Exchange, said, “We have always aimed at making money transfer a seamless experience for our NRI customers in the UAE, making their stay outside homeland as comfortable as possible. India continues to receive the maximum amount of remittances in the world and has a large expatriate population living outside the country. To enhance customer satisfaction, we bring FLASHremit, the next dimension of remittance technology. With over 3800 branches in India, ICICI Bank has the largest branch network among private sector banks in the country. Partnering with ICICI Bank to offer real time account credit facility through FLASHremit means more access to our services for our Indian customers.”
Vijay Chandok, President, ICICI Bank, said, “ICICI Bank has always been at the forefront of technological innovation while offering its customers reliable and convenient solutions. Our experience of serving more than 1.5 million NRIs across the globe for over a decade has helped us build significant expertise in the field of remittances. ‘FLASHremit’ enables our customers the convenience to send money instantly to their beneficiaries in India. Additionally, an instant SMS confirmation is sent to the sender and receiver informing about the credit, thus eliminating any follow up. ‘FLASHremit’ service is available to our customers 24 X 7 and 365 days a year. Our partnership with UAE Exchange is a reinforcement of our commitment to deliver best-in-class service propositions to NRIs across the UAE.”
The customers of ICICI Bank can avail this service by visiting any of the over 135 branches of UAE Exchange in UAE including over 15 branches across the Dubai Metro network.
About UAE Exchange: FLASHremit is the instant account credit facility brought by
UAE Exchange. It is a unique product of its kind, which remits cash in bank account real time. The transfer is possible in INR. Known for its ardent customer service and trustworthiness, UAE Exchange serves over 7.9 million customers and their dear ones, worldwide. Currently it has over 750 branches across 32 countries, and is the world’s largest networked remittance brand. Its strong correspondent banking relationship, with close to 150 global banks, adds to the might. More than 9000 professionals from over 40 nationalities strive to achieve excellence and bring delight to customers, worldwide. This penchant for quality has enabled UAE Exchange to transfer 6% of the total global remittances and won the ISO certified brand many global awards for quality & business excellence, earning the trust of customers, partners and regulators alike.
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About ICICI Bank: ICICI Bank Limited (NYSE:IBN) is India’s largest private sector bank with consolidated total assets of US$ 124.76 billion at March 31, 2014. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 18 countries, including India.
ICICI Bank is the largest remittance player in the Indian market processing more than 5 million transactions annually. It currently provides remittance services in over 43 countries through different offline and online modes. With over 200 tie ups with banking and non-banking entities, ICICI Bank is one of the preferred money transfer service provider across the world.
