Kochi: Kerala based Federal Bank has partnered with Oman UAE Exchange for FLASHremit, a real-time account credit facility. The partnership enables the non-resident Indian (NRI) customers residing in Oman to transfer money directly to their beneficiary having account with Federal Bank in India.
The advantage of this instant money transfer service is that the moment the account is credited, both the sender and the beneficiary receives SMS notification, thus minimizing the follow-ups and travel time to bank or exchange house.
Commenting on the partnership, Antu Joseph, GM (Business & Products), Federal Bank said, “Our partnership with Oman UAE Exchange facilitated providing instant fund transfer facility to NRIs in Oman. We share a similar passion with Oman UAE Exchange in offering seamless remittance options and thereby ensuring customer delight. I am sure that Flash Remit option will bring more value and convenience to customers.”
Boban M P, CEO, Oman UAE Exchange said, “Our endeavour has always been to make money transfer a convenient and seamless experience for the customers. FLASHremit is one of them. We are glad to integrate the services of Federal Bank within our bouquet of services. It has not only enabled the customers with an instant and convenient channel to remit back home but has also strengthened our relationship with the partner”.
Established in 1995, Oman UAE Exchange is the Oman arm of UAE Exchange, the global remittance and foreign exchange brand. The company holds a license from Central Bank of Oman.
Federal Bank has a branch network of 1,252 branches and 1,548 ATMs spread across the country of which 601 branches and 859 ATMs in Kerala.
Kerala Biz News