RemitFIRST2India: Revolutionizing NRI Remittances with Zero Fees
IDFC FIRST Bank introduces RemitFIRST2India, a cutting-edge digital remittance platform allowing NRIs to send money to India quickly and securely without transfer fees. Partnering with SingX, it supports transfers from Singapore and Hong Kong and plans expansion. The platform ensures speed, transparency, and live transaction tracking.
- Country:
- India
Mumbai, Maharashtra, India – IDFC FIRST Bank has unveiled its next-generation digital remittance service, RemitFIRST2India, designed for Non-Resident Indians (NRIs) to transfer funds to India swiftly and without transfer fees. This innovative platform is the result of a partnership with SingX, a notable remittance provider regulated by the Monetary Authority of Singapore.
The service, currently facilitating transfers from Singapore and Hong Kong, aims to extend its reach to other countries in the near future. Besides zero transfer fees, RemitFIRST2India offers competitive Forex rates with no hidden charges and real-time tracking to ensure a transparent and efficient transaction experience.
Ashish Singh from IDFC FIRST Bank highlights their customer-first approach, while Atul Garg from SingX anticipates significant NRI investment growth. RemitFIRST2India sets a benchmark in remittance services, underlining IDFC FIRST Bank's dedication to providing inclusive, digital-first banking solutions globally.
(With inputs from agencies.)
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