BoI, TimesofMoney to provide online money transfer service

The service will enable NRIs send remittances in Great Britain pounds seamlessly and securely

Bank of India (BoI) has signed a service agreement with TimesofMoney to offer remittance solutions to NRIs in the UK. This strategic partnership will enable NRIs send remittances in Great Britain pounds (GBP) seamlessly and securely.
 
This online remittance service will offer all users competitive pricing, both in terms of exchange rates and transaction costs. Moreover, the customer is assured of convenience as he, no longer, has to visit a branch and can execute the online money transfers from the comfort of his home/office.  

Alok K. Misra, chairman and managing director, Bank of India said, “The product will ensure that the users can now transfer money 24x7 in an affordable and secure manner”.

Avijit Nanda, president – TimesofMoney said, “TimesofMoney’s proprietary platform, 'Remittance in a Box' provides banks with a unique plug-and-play solution to power their online remittance service. This platform offers user interface and design, risk management, technology, operations and customer service.”

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