The Hindu Business Line : Al Razouki ties up with Canara Bank for funds transfer

AL Razouki International, an associate of the UAE-based Cosmos Group, has tied up with Canara Bank, to launch two services/products targeted at Indian expatriates in the UAE.

These products have been launched to improve service delivery and speed up the process of remittances, Mr R.K. Nayak, General Manager, Al Razouki, told Business Line.

CanBank EFT will facilitate instant transfer of funds to the accounts of clientele through the electronic mode on the same day of transmission. The facility is being made available at the designated branches of Canara Bank.

The other product is Smart CardIt is a customised card for valued customers with all the details of the remitter as well as the beneficiary stored in the database of the company.

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