Karur Vysya Bank has started using Oman-based Bahwan CyberTek’s ‘Cuecent eRemit’, a global remittance solution, in order to offer quick remittance service for its NRI customers. With this initiative, the bank was able to introduce an instant cross-border remittances service for non-resident Indians, which offers the remitter the facility to instantly credit funds into the beneficiary account in any bank in India.
With this service, both the beneficiary and remitter receive free mobile and email alerts instantaneously on receipt of money. The bank is also planning to offer more value-added services to their customers and is looking forward to building them on the Cuecent technology platform from BCT.
