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 9174 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
Korea's Number One Beauty Brand Innisfree All Set to Celebrate the Grand Opening at the Du... [9925-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [9077-Views]
Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of Determinat... [8760-Views]
How to Beat Pigmentation with DERMAdoctor [8516-Views]
Introducing Zeitun Premium Face Care Collection [8400-Views]
Spoil her this Mother's Day with gifts from Marks & Spencer [8046-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [7918-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [7875-Views]
Enjoy a Selection of Anti-Aging Products from Beauty Solutions [7259-Views]
Achieve Gorgeous and Radiant Skin in Only 90 Seconds [7125-Views]
Swatch X 007 Introducing the New James Bond Collection and Limited Special Edition [6387-Views]
Ferragamo Sapphire Collection [6039-Views]
Tag Heuer Opens Boutique at Mall of the Emirates [5905-Views]
Dubai Chamber Honours Top-performing Trading Companies [5795-Views]
HRH the Prince of Wales Officially Opens the National Automotive Innovation Centre [5704-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holida... [5618-Views]
Get Great Hair Naturally With HASK's Latest Haircare Collections This Spring! [4929-Views]
HH Sheikh Mansour bin Mohammed Visits Dubai Sports Council [4734-Views]
Marks & Spencer Unveils its All New Menswear [4435-Views]
Mall of Oman Onboards a Host of Global Lifestyle, Fashion, and F&B Brands Ahead of Its 202... [4404-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4252-Views]
Visit of Punjab Minister at Al Maya Stand @ Gulfood 2020 [4081-Views]
Statement Stilettoes from Steve Madden [4075-Views]
GEMS Global Innovation Showcase 2020 Sees 1,500 Student Innovators and Entrepreneurs Exhib... [3989-Views]
Dubai Cares Donates 2,000 Books to Wanna Read? Initiative to Instill the Habit of Reading ... [3959-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories