Online payment solution provider Avenues India* has launched an online remittance service called Remit Guru, allowing non-resident Indians (NRIs) to send money to their friends and family. The company has tied up with IndusInd Bank for this initiative. Apart from remittance, Remit Guru also appears to be a commerce play: the site plans to allow NRIs to purchase products and services from various India-based online shopping portals, directly from their local bank account. These include online travel portals, online recharge services, religious Institutions, apparel and garment retailers, automobile companies, energy and telecom company websites and popular online gifting portals. Note that this isn't new: its competitor TimesOfMoney already allows NRIs to buy property and send gifts to their friends and family in India through one of its services called Window2India. While there is currently no exact information on Remit Guru's partners for this initiative, the company stated that it will offer services from merchants using Avenues India's payment gateway solution CCAvenue and its website suggests partners like e-commerce portals including Flipkart, Infibeam, Futurebazaar and websites like Bose, Mango, Satya Paul, Seasons, and bebe among others. That being said, there is currently no information as to when Remit Guru plans to launch this facility. Only United Kingdom? When we checked, we noticed that the service currently allows NRIs based in the United Kingdom, to send money from any local UK bank account to India. The company however notes that it plans to extend the service to other countries like Canada, United States, Australia, Germany, Singapore and others shortly. Mobile? Remit Guru also noted that…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...