Yes Bank has entered into partnership with Western Union Company to boost international remittances into bank accounts. The direct-to-bank service facilitates money transfers to bank accounts in India, through the NEFT as well as IMPS clearing systems.
This collaboration will allow consumers in the US, UK, Canada, Australia and many other countries, to send money directly to more than 900 million bank accounts in India. The direct-to-bank service is a fast, reliable and convenient money-transfer facility with fees starting as low as Zero and transfers as quick as in a few minutes.
Western Union is the first global money-transfer company to offer direct-to-bank services from retail agent locations and online through its website in over 16 countries.
