TimesofMoney & Barclays Bank to launch Barclays Online Money Transfer service

TimesofMoney a leading e-payments and remittance service provider, tied-up with global financial services major, Barclays, to launch Barclays Online Money Transfer, a remittance service, in the UK.

According to a press release issued by the bank after the launch of Barclays Online Money Transfer the bank's customers in the UK will be able to transfer money online directly to any Barclay’s account anywhere in India.

As per release in the near future the services will be extended to other countries as well.

TimesofMoney's President, Avijit Nanda, stated that "with Barclays Bank joining TimesofMoney as a banking partner, it will help us extend our offering to the customers enabling secure online payments."

He added, "With the extension of our white-labeled solutions, our partners can conduct their business with a higher level of security and greater convenience".

Barclays' Global Retail and Commercial Banking, Managing Director, India and Indian Ocean, Samir Bhatia, said that "having partnered with TimesofMoney, who possess strong technology and risk management capabilities in the domain; we are now ready to offer convenient and secure remittance service to our customers and establish our presence in the segment."