TimesofMoney ties-up with Barclays Bank

MUMBAI: Leading e-payments and remittance services provider TimesofMoney on Tuesday said it has tied-up with global financial services major Barclays to launch an online money transfer service in the UK.

The remittance service -- Barclays Online Money Transfer -- will enable the bank's customers in the UK to transfer money online directly to any Barclays account anywhere in India, a statement said.

The services will be extended to other countries as well in the near future, the statement added.

TimesofMoney President Avijit Nanda said that "with Barclays Bank joining TimesofMoney as a banking partner, it will help us extend our offering to the customers enabling secure online payments."

"With the extension of our white-labelled solutions, our partners can conduct their business with a higher level of security and greater convenience," he added.

Barclays' Global Retail and Commercial Banking Managing Director, India and Indian Ocean, Samir Bhatia, said that "having partnered with TimesofMoney, who possess strong technology and risk management capabilities in the domain, we are now ready to offer convenient and secure remittance service to our customers and establish our presence in the segment."