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Axis Bank launches online money transfer service

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  2 April 2016 12:00 AM GMT

Mumbai, April 1: Axis Bank today announced the launch of ‘Axis Forex Online’ India’s first comprehensive online forex solution to empower customers to transfer money online in more than 100 currencies across 150 countries. In addition to quick online money transaction, Axis Forex Online will also provide door step delivery of forex card and foreign currency cash. Through this initiative, the bank will offer a complete suite of forex services such as Online Outward Remittances, Forex Card and Foreign Currency Cash to existing as well as non-bank customers. An existing customer can also use the online outward remittances facility via Internet Banking and transfer money from any Bank account in India to any Bank around the world.

Axis Forex Online will allow customer to remit upto USD 25,000 in a single transaction or limit the retail outward remittance to USD 250,000 per annum. Speaking on the occasion, Sidharth Rath, President and Head, Treasury, Corporate and Transaction Banking, said, “The launch of the new card further reinforces our commitment to improving customer experience by deploying cutting-edge technology solutions that provide both security and convenience.” Axis Forex Online will offer end to end online outward remittance services to the customer and eble them to travel hassle-free and cashless across globe. This was stated in a press release.

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