Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Al Ghurair International Exchange Launches IMPS Service for Its Indian Customers in UAE
 

24/7 Instant real-time inter-bank electronic funds transfer system to India

12 February 2017 – Dubai:  Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, has announced the launch of the IMPS Service (Immediate Payment Service) for India through IndusInd Bank. IndusInd Bank facilitates Indians in UAE to transfer funds instantly and securely to IMPS enabled banks in India 24*7*365, including Sundays and any bank holiday in India.

Immediate Payment Service (IMPS) is an instant real-time inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. Unlike NEFT and RTGS, the service is available 24/7 throughout the year including bank holidays.

Imad ul Malik, General Manager, Al Ghurair International Exchange said, “The IMPS service supports our continuous efforts to provide innovative services to our customers and at the same time maximize their convenience for remittance to their home countries. Instant bank deposit facility to customers account is now possible as IMPS service facilitates uninterrupted transmission of funds. The bank account of beneficiary will be credited in India even before the remitter keeps the transaction receipt in his pocket” 

Amit Talwar, Executive Vice President, IndusInd Bank said, “IndusInd Bank has been pioneer in technology led solutions and IMPS is a step towards future of cross border remittances. We were one of the first banks in India to launch the cross border IMPS service and proud to state that today we rank amongst the largest carriers of cross border IMPS transactions. We have a long standing relationship with Al Ghurair International Exchange and are delighted to go live on this service with them as our first partner in the UAE.”


Posted by : Dubai PR Network Editorial Team
Viewed 9589 times
PR Category : Banking & Investments
Posted on : Sunday, February 12, 2017  6:05:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Annual Investment Meeting (AIM 2017) to focus on capacities ...
Next Story : Dubai Wholesale City Hosts Innovation in Trade Forum to High...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [5228-Views]
Olay Eyes Hydra Gel [4830-Views]
COVID-19 Triggers Marked Decline in Global Trade: UNCTAD [4207-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [3428-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Envi... [3370-Views]
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more than ever, S... [3292-Views]
Maillon De Cartier Watch [3259-Views]
Dynabook Refreshes Portégé X Series With Latest Intel® Core™ Processors and Privacy Featur... [3157-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [2956-Views]
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign [2731-Views]
Union Coop: AED 46 Million Project in Umm Al Quwain [2702-Views]
Your at-Home Spa Guide With Skin Republic [2649-Views]
Ashley Graham for Marina Rinaldi – Ss 20 [2636-Views]
Emirates Resumes Passenger Flights to 9 Destinations, including Connections between UK and... [2608-Views]
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the Community [2595-Views]
Don't Make A Slow Recovery More Difficult with Quarantine Measures [2411-Views]
Dubai Customs: Strategic Plan to Curb Corona [2353-Views]
Happy Eid with Parmigiani Fleurier Toric Fleur [2321-Views]
Smart Cooking to Save Time With Lg Appliances This Ramadan [2288-Views]
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advanced Image ... [2255-Views]
Paying the Ransom Doubles Cost of Recovering from a Ransomware Attack, According to Sophos [2194-Views]
Medcare Women & Children Hospital Offers Peace of Mind to Families and Mums-to-Be and Cont... [2132-Views]
Al Zahia Supports Underprivileged Families With Electronic Tablets for Remote Learning [2075-Views]
Game for Anything: the All-New Toyota C-HR Lands in the UAE With Unmissable Distinctive St... [2070-Views]
BSH Middle East FZE Stands in Support with the Dubai Health Authority Amidst COVID-19 Pand... [2042-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories