| |
| | |  Advertisement | | |
| |
May 07, 2008 17:43 IST
Tata Communications along with Idea Cellular [Get Quote], Etisalat and HSBC India launched on Thursday a mobile phone-based money remittance service to its subscribers.
As part of the service, UAE-based Indian immigrants can transfer money to their families based in India and the service would complement existing remittance channels and make transferring money internationally more affordable, Tata Communications said in a filing to the Bombay Stock Exchange.
In the first phase, this service would be extended to over 27 lakh subscriber base of mobile services operator Idea Cellular in Kerala. The facility also affords the sender the ability to easily track the transaction from remittance till such time the money reaches the recipient.
"We are certain that the convenience and ease of use of this new remittance service, will be a significant value add for our 27 lakh subscribers in Kerala," Idea Cellular Chief Marketing Officer Pradeep Srivastava said.
HSBC India would be the banking channel for the funds transfer and disbursement in India with Mashreq being the banking partner in the UAE.
UAE-based telecom service provider Etisalat would provide secure mobile remittance service while Tata Communications would be central hub of the service.
© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|
| |
Email this Article 
Print this Article