Partner Release: ICICI Bank Frankfurt Launches “Insta Netexpress” Assured Rate Money Transfers Using Money2India.eu Platform
MUNICH and FRANKFURT, Germany, November 21, 2012 /PRNewswire/ –
ICICI Bank UK PLC, Frankfurt has announced the launch of an “Insta Netexpress” service
through its online money tracking platform http://www.money2india.eu for Indians
living in Europe. This “Insta Netexpress” service will enable users to track money
transfers to beneficiaries’ bank accounts in India with an assured exchange rate and
Money2India.eu is a web-based online remittance tracking platform which facilitates
tracking of remittances from 17 Eurozone geographies to beneficiaries in India. Further,
this service offers competitive exchange rates, no processing fee or service charges,
faster processing time and dedicated toll free telephone support.
The new service will be provided to Money2India.eu users in association with PAY.ON
AG. Users will benefit of this cooperation and experience simple and fast access to over
100 international payment schemes along with integration of most diverse risk management
methods. This is a state of the art solution for eCommerce and risk management processes.
With PAY.ON’s local presence, ICICI Bank will be able to meet customer needs better and
provide a faster, more efficient service.
Commenting on the launch Mr. Sudhir Dole, Joint Managing Director, ICICI Bank UK PLC,
said, “We at ICICI Bank have always believed in offering customer-centric solutions and we
feel delighted in presenting the Insta Netexpress facility on Money2india.eu. ‘We shall
leverage the synergies between Money2India.eu and PAY.ON to offer yet another innovative
solution to customers, who would now know the exact exchange rate applicable on the
proposed remittance at the time of sending money.”
Dr. Tschangiz Scheybani, Managing Director of PAY.ON Asia, further said, “We are happy
to partner with a global player like ICICI Bank for our processing platform “PaySourcing’
as we are constantly experiencing a growing customer demand for online payment activities.
The PAY.ON technology enables online payments by classical as well as alternative payment
methods, thus enabling ICICI Bank to serve clients worldwide by integrating solutions that
specifically meet domestic payment demands.”
About ICICI Bank UK PLC, Frankfurt branch:
Since February 28, 2008 ICICI Bank UK PLC has been active in the German retail market.
It is also focusing on corporate clients with close links between Germany and India. ICICI
Bank UK PLC, Frankfurt branch is a member of the Association of German Banks
(Bundesverband deutscher Banken) and is regulated by the British Financial Services
Authority (FSA) and the German Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin).
The product and services mentioned in this press release are provided by ICICI Bank UK
PLC – Frankfurt Branch and are subject to terms & conditions (available at
http://www.icicibank.co.uk or at any of our branches). ICICI Bank and the “I man” logo
are the trademarks and property of ICICI Bank Limited.
About ICICI Bank Limited:
With a consolidated balance sheet total of about USD 91 billion (as at March 31st,
2011), ICICI Bank Limited (NYSE:IBN) is India’s largest private bank and the second
largest bank in the country. Its subsidiaries include leading private insurance companies
and some of the largest stock-exchange brokers, investment funds, and private-equity
companies in India. ICICI Bank is now present in 19 countries. Its ICICI Bank UK PLC
subsidiary is in charge of retail and corporate banking business as well as investment
banking in United Kingdom and other European countries.
PAY.ON AG is the world’s leading provider for web-based payment infrastructure
services and provider of the payment processing platform ‘PaySourcing’ as well as of the
routing gateway ‘PayPipe’. ‘PaySourcing’ allow clients to outsource all payment and risk
management processes into the cloud or to become a payment service provider in a cost-,
time- and resource-saving way. ‘PayPipe’ is a high-performance routing gateway, which
connects payment market participants worldwide by using only one API. ‘PayPipe’
accelerates the global availability for all market participants like no other network.
Accordingly, transactions are processed in all payment methods in any currency across all
systems. Every PAY.ON system is PCI-DSS certified and therefore compliant with the
international payment standards and requirements. For more information, visit:
Press contact: ICICI Bank UK Plc Agency Hering Schuppener URL: http://www.heringschuppener.com Phone: +49-211-43079-0 Press contact: PAY.ON AG Wilhelm Fuchs E-Mail: email@example.com URL: http://www.payon.com
SOURCE PAY.ON AG