Xpress Money launches Direct Account Credit services to India. This will enable customers can now transfer money directly into any bank account in India
Xpress Money, one of the world’s most dependable money transfer brands, added a new mode of money transfer for its customers sending money to India.
The brand has introduced the ‘Direct Account Credit’ service, which allows customers to send money directly to any bank account in India, making money transfer even more convenient for both the sender and receiver. Introduced from UK and Greece in the initial phase, the brand has plans to roll out this service in other markets that have a large Indian diaspora.
To avail of this service, a customer can walk into any Xpress Money location in UK and ask for the money to be sent to their beneficiary’s account through the ‘Direct Account Credit’ service. Once the transaction has been processed, the amount will be credited to their beneficiary’s account within 24 to 48 hours. The remitter also will receive an SMS confirmation, as soon as the money is credited to the selected account, ensuring a hassle-free transaction. Beneficiaries can choose to withdraw the remitted money from close to 150,000 ATMs in India, or from their designated bank branches in the country.
Mr. Nirav Parekh, Regional Vice President for Business Development – Europe, Xpress Money Services Ltd says, “Indian migrants, the world over, regularly send money to their loved ones back home, making India the largest recipient of remittances in the world. India also has a robust and extensive banking network that facilitates the remittance receiving process. UK is home to thousands of Indian migrants, who remit money regularly; it is therefore imperative that we offer our customers different options to choose from, while remitting money to their loved ones in India. The Direct Account Credit service is not only convenient but also encourages saving, as beneficiaries can withdraw only the required amount while the rest can be saved in the account. As a brand, we aim to provide hassle-free and efficient money transfer facilities to all our customers here in the UK.”
Additionally, Xpress Money customers can also send money through the popular ‘Cash to Cash’ mode, where the money can be picked up instantly by their loved ones in India. Another pioneering money transfer product from the brand is their ‘Cash to Card’ offering. This service requires no bank account and remitters can send money directly to their beneficiary’s remit card; the beneficiary can then choose to withdraw money from an ATM in the country or use it to shop at POS terminals, as per their convenience and requirement.
Xpress Money is a global money transfer brand with a thriving presence in more than 150 countries in 5 continents across 170,000 agent locations. Xpress Money has come to be known as the most dependable international money transfer brand and provides its customers a simple, fast & safe way to transfer money through innovative technology, superior customer service and its extensive worldwide network.