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
processing time.
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 für
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.
About PAY.ON:
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:
http://www.payon.com
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: press@payon.com
URL: http://www.payon.com
SOURCE PAY.ON AG