Vijaya Bank ties up with TimesofMoney for online remittances & digital payment gateway solution
01/14/2011

Vijaya Bank, the leading Bengaluru based public-sector bank recently tied up with TimesofMoney, India’s leading digital payments service provider for a range of customer friendly online solutions.

Online PR News – 14-January-2011 – – Vijaya Bank, the leading Bengaluru based public-sector bank recently tied up with TimesofMoney, India’s leading digital payments service provider for a range of customer friendly online solutions.

As part of its NRI strategy, the Bank has partnered with TimesofMoney to offer an online remittance platform for its customers across the globe. With this partnership, NRIs can use the Vijaya Bank website to transfer money online from 22 countries leveraging TimesofMoney’s branded remittance service. This ensures that Vijaya Bank customers get a state-of-the-art service with faster transactions, a secure platform & a price advantage both in terms of the lower fee & the better exchange rate that they get.

Speaking on the occasion, Albert Tauro, Chairman & Managing Director, Vijaya Bank said: “India is the top receiver of remittances worldwide. Vijaya Bank enjoys huge equity with its NRI customers & it is imperative that as a customer-friendly bank, we offer them the very best in terms of an online platform to send money to their family back in India. Our association with TimesofMoney goes a long way in giving our customers the comfort of using an established & safe way of sending money using the Internet.”

Commenting on the occasion, Avijit Nanda, President – TimesofMoney said “Every year, thousands of Indians go abroad to work on various assignments. Our job is to ensure that we make their need of sending money back to their loved ones a simple & safe process. Vijaya Bank, with its strong brand & customer presence combined with our proven expertise in managing such solutions, ensures that the customer gets an excellent platform to send money home to his family.”

The two organizations also extended their relationship on the domestic front with a tie-up for an online payment gateway solution. With TimesofMoney’s payment gateway solution, Vijaya Bank customers will now be able to use their net banking facility to shop on a host of eCommerce portals in India in a safe & seamless manner.

Speaking on this tie-up, Shubhalakshmi Panse, Executive Director, Vijaya Bank said “Ecommerce is rapidly becoming the chosen way for a lot of customers to make their purchases. Partnering with TimesofMoney allows our customers to avail of a simple & safe way to use their net banking service to shop across various eCommerce websites. It also gives us the comfort of working with an established player in this segment.”

About TimesofMoney:

TimesofMoney is India’s leading digital payments specialist serving a wide-range of retail & institutional clients across the globe. Its offerings include Cross-Border Online Money Transfers, Customized NRI Services, Online Payment Gateways & Co-branded Cards. With a large transacting retail base & a host of reputed brands as partners on the institutional side, TimesofMoney has emerged as the leader in digital payment solutions, globally. More details are available on the corporate website. www.timesofmoney.com.