Nations Trust Bank ties up with Remit2Home to offer online money transfers to Non Resident Sri Lanka
Nations Trust Bank partners with Remit2Home to offer expatriate Sri Lankans an easy and secure way to transfer money back home. An agreement to this effect was signed recently at the bank’s head office in Colombo between Nations Trust Bank and TimesofMoney. Remit2Home is a service of TimesofMoney, the pioneers in e-payments and cross border remittances, serving over a million expatriates worldwide. With this association, Remit2Home services shall be available to the Non Resident Sri Lankan (NRSL) communities staying in US and UK. The NRSLs in these countries can use Remit2Home services to transfer money online 24x7, directly from their bank account abroad to beneficiaries in Sri Lanka.
Sri Lanka is the 5th largest emigrant country in South Asia with an estimated 2 million Sri Lankans, accounting for almost 10% of the country's population, working and/or residing outside the country. In 2011, Sri Lanka received over US$5 bn as worker remittances, according to the Central Bank reports. With continuous growth in its branch network island-wide, Nations Trust Bank is now well positioned to offer remittance services. This proposition will enable Sri Lankans living overseas to remit money to accounts at Nations Trust Bank or other banks as well. Through this service, funds can also be collected over the counter at any of the 48 Nations Trust Bank branches that are open 365 days of the year with extended banking hours.
Commenting on the partnership, Director / CEO Saliya Rajakaruna – Nations Trust Bank said “This partnership is another milestone in providing a convenient and fast remittance service, through a globally recognized brand, to anyone in Sri Lanka through the Nations Trust Banking network. We look forward to a growing partnership with TimesofMoney to increase the remittance base across our branch network which is rapidly growing"
This first of its kind service will allow NRSLs to transfer money to their loved ones back home from the comfort of their home or office, eliminating the pains of going to an agent or a bank branch abroad. Also, with transparent flow of money they can rest assured that they get the best value for their money sent. Remit2Home offers the highest levels of data security and online transfer tracking on a localized and intuitive web interface.
Speaking on the tie-up, Avijit Nanda, President – TimesofMoney said “With its growing diaspora, Sri Lanka has a huge remittance potential, which makes it a key focus market for us. Through our association with a formidable partner and a new age bank like NTB, we believe that this is an opportunity to understand the NRSL better. We are delighted to cater to the NRSL through our Remit2Home service. With best-in-class technology and service, we promise to employ our global expertise to provide a hassle-free cross-border remittance experience.”
Remit2Home is a pioneer in online Global Money Transfers from TimesofMoney, which is part of the prestigious Times Group of India. Having pioneered online cross-border remittances, it serves over a million customers worldwide today.
Remit2Home offers personalized online money transfers to Bangladesh, Philippines, Sri Lanka, Kenya, Poland, Mexico and other countries worldwide. Remit2Home offers expatriates an opportunity to send money to their relatives and friends back home at their own convenience. Customers of Remit2Home no longer have to visit a bank or an agent as the entire money transfer process is online, thus making it faster and easier.
With fund transfers being processed by global banking partners, remittances through Remit2Home are safe, secure and hassle free. It also eliminates middle men, resulting in a transparent and cost effective process.
For more information log on to www.remit2home.com
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