Cox & Kings introduces money transfer solutions
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Cox & Kings Ltd has partnered with UAE Exchange India to provide inward remittance and domestic money transfer services in India.
It’s a move that marks the travel group’s foray into the money transfer business on the Indian SubContinent.
This strategic venture will enable Indians living abroad to conveniently remit funds to their families in India, with easy and flexible transfer options.
This association will expand the current network of collection centres and reach out to a broad category of consumers across the country. Cox & Kings has identified select locations within India, from where the customers can avail this service. T
here are no charges applicable to the recipient in India. Besides foreign inward money, domestic money transfer services will also be available at the designated Cox & Kings outlets through this process.
Ravi Menon, Head—Foreign Exchange, Cox & Kings Ltd, said: “The strategic partnership will help us enter the money transfer business in India which is the largest recipient of remittance in the world. People who are expecting money from their relatives or friends abroad can now use our wide network of branches across India”
The facility of inward remittance will provide a convenient and quick mechanism for Indians working abroad to send money to their families in India and also benefit foreign tourists visiting India. The money will be received in minutes and all that the recipient has to do is visit one of the designated locations to collect their money.
According to a World Bank report, India leads the world in receiving over US$69 Billion in 2015 by way of remittances. With its growing global network, Cox & Kings through this partnership with UAE Exchange India aims to capitalise on the growing remittance market.
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