UAE Exchange Partners With Corporation Bank in India to Introduce FLASHremit

Online, December 8, 2012 (Newswire.com) - Money transfer to bank accounts in Corporation Bank is now real time with UAE Exchange. The leading global remittance and foreign exchange brand has joined hands with the popular bank in India to offer FLASHremit, the facility for real time account credit, to its customers. The service will enable money transfer to bank account within minutes and also intimate both sender and receiver through SMS on account credit. An event was held at Shangri-la Hotel, Dubai to mark this new offering.

Speaking at the event, Mr. Y. Sudhir Kumar Shetty, COO - Global Operations, UAE Exchange, said, "We have had a strong and long relationship with Corporation Bank. This new understanding for FLASHremit further strengthens it. UAE Exchange has always aimed at making money transfer a seamless and speedy experience, which is an aim we share with Corporation Bank. Customers get a sense of satisfaction and security, when their money is transferred real time. This new convenience will further enhance their happiness."

Mr. Amar Lal Daultani, Executive Director - Corporation Bank, said, "The relationship with UAE Exchange has been long and mutually fruitful, which has added rich value to our customers. The goodwill and common passion to offer quality service has brought us together again. We are very sure that this new arrangement of real time money transfer through FLASHremit will benefit our customers a lot."

UAE Exchange initially launched FLASHremit, with banks in India and its quality and popularity grew faster. So far seven banks in India have partnered with the remittance major. Corporation Bank is the latest and eight in the list. Apart from India, FLASHremit extends convenience to customers in Philippines, Nepal, Sri Lanka and Pakistan & Bangladesh. Its growing popularity stands testimony to the goodwill, which UAE Exchange enjoys worldwide. Over 4 million customers trust the money transferrer with their hard earned money. It has over 650 branches across 30 countries in five continents, making it the largest global network among remittance brands. Its strong correspondent relationship with over 150 global banks adds to the might.

Corporation Bank has been serving millions of customers since 1906. It is the forerunner in evolving and adopting financial sector reforms. With over 6000 service outlets overseas, it is one of the premier public sector banks in India. The event was attended by senior officials of UAE Exchange, Corporation Bank, special invitees and the Media.