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Now with the help of UPI, money will be available from abroad, IndusInd Bank has tied up with NPCI ,
IndusInd Bank-----:
Now with the help of UPI, money will be available from abroad, IndusInd Bank has tied up with NPCI
IndusInd Bank is the first bank to offer the facility of receiving money from abroad through UPI
No need to remember your bank account details to send money
Started sending money from abroad through UPI from Thailand
IndusInd Bank has tied up with National Payments Corporation of India (NPCI) to facilitate remittance process using UPI identification of beneficiaries. With the introduction of this facility, a consumer will not need to remember his bank account details to send money. In this way Indian citizens can now easily get money from their foreign sources.
IndusInd Bank said in a statement on Monday that it has joined hands with public payments platform NPCI to offer an instant overseas remittance facility with the help of UPI. With this initiative, IndusInd Bank has become the first bank in the country to offer the facility of remitting money from abroad using UPI.
The Money Transfer Service Provider (MTO) will verify the validity by connecting to NPCI's UPI payment system using IndusInd Bank's channel and the remittances will be credited to the beneficiary's account.
start from thailand
The bank has started sending money from abroad through UPI using 'Demoney' from Thailand. DeMoney is a Thailand-based financial solutions service provider. Money can be easily called for by entering the UPI identity of India-based beneficiaries on the website of DiMoney. IndusInd Bank said it is also looking to add transfer service providers located in other countries.
https://mamtatyagi.com/2022/01/elon-musks-starlink-internet-broadband-carrier-may-be-released-in-india-on-this-date-recognise-details/
The hassle of remembering bank accounts is over
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Soumitra Sen, Head, Consumer Banking & Marketing, Bank said, “This is a big step towards making remittances easy and convenient. Now people living abroad will be able to send money to beneficiaries based in India with the help of their UPI identity. They will not even need to remember their bank account number.” Praveena Rai, Chief Operating Officer, NPCI expressed hope that this initiative will make it easier for consumers to remit money. This will increase the use of UPI among the people present abroad.
https://mamtatyagi.com/2022/01/elon-musks-starlink-internet-broadband-carrier-may-be-released-in-india-on-this-date-recognise-details/
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