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YES Bank and international money transfer company Transfast, have launched an online money transfer service with instant deposits to NRI customer accounts with any bank in India.
This service facilitates real-time deposit of funds to all banks currently connected to the National Payments Corporation of India’s (NPCI) platform for inward remittances and is available 24 hours a day/7 days a week/365 days a year, YES Bank said in a statement.
Arun Agarwal, Group President, International Banking Division, YES Bank, said, “YES Bank is proud to partner with Transfast in introducing this innovative technology to transfer money from the USA and Canada to India at lightning speed. This service will provide great convenience to our customers in North America and provide an instant credit confirmation to them for deposits into their recipients’ accounts.”
Samish Kumar, CEO of Transfast, said, “We, together with our partner YES Bank, are the first money transfer company in the world live with instant bank deposits via NPCI.”
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