June 16

IndusInd Bank Announces Partnership with Wise to Offer Low-Cost Online Inward Remittance Services

By Kewan Raza

IndusInd Bank has today announced its partnership with Wise, the global technology company specializing in moving and managing money around the world, to offer online inward remittance services to Non Resident Indians (NRIs) residing in US and Singapore. IndusInd Bank’s multi-partner remittance service platform – Indus Fast Remit (IFR) and Wise Platform have integrated to offer multi-currency inward remittance service to NRIs. The integration of IFR and Wise Platform also marks the launch of Wise Platform, Wise’s infrastructure offering for banks and non-banks, in India. The announcement also comes as the world observes the International Day of Family Remittances today.

Photo courtesy of Karolina Grabowska.

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Finance, Technology
digital inclusion, financial inclusion, infrastructure, partnerships, remittances