Muthoot Finance has bagged MoneyGram’s ‘Best Sub Agent’ award in the South Asian region for the third consecutive year. The award was formally received by George Alexander Muthoot, Managing Director, Muthoot Finance, by Grant Lines, Senior Vice-President, MoneyGram. Entity’s money transfer service is recognized as the largest payout centre in India with 2 million transfers being executed annually. In the last year, Muthoot Finance has conducted 20 lakh transactions worth Rs 3,500 crore across all its branches.
Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.
