TimesofMoney ties up with Barclays for remittances

MUMBAI: TimesofMoney has announced a tie-up with Barclays to launch the bank���s remittance service ���Barclays Online Money Transfer ��� for its customers in the UK.

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. The service will be extended to other countries as well in the near future.

TimesofMoney president Avijit Nanda said, ���With Barclays Bank joining TimesofMoney as a banking partner, it will help us extend our offering to the customers enabling to secure online payments. With the extension of our white-labeled solutions, our partners can conduct their business with a higher level of security and greater convenience.���

Speaking on the initiative, Barclays Global Retail and Commercial Banking MD (India and Indian Ocean) Samir Bhatia said,

���Having partnered with TimesofMoney, which 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.���

TimesofMoney specialises in the area of remittances with a host of services, including India Money Transfers, Global Money Transfers, NRI services and co-branded cards. With presence in over 23 countries (Remit2India) and serving lakhs of NRI customers, TimesofMoney is a leading player in the world of web-based money transfers.