Digital platform, RemitFIRST2India, launched by IDFC FIRST Bank for quick, secure money transfers to India, representing a modern approach to the process.
IDFC FIRST Bank Launches RemitFIRST2India: A Revolutionary Digital Remittance Platform
IDFC FIRST Bank, a leading private sector bank in India, has announced the launch of RemitFIRST2India, a digital remittance platform designed specifically for Non-Resident Indians (NRIs). This new platform offers a fast, secure, and cost-effective solution for sending money to India, with a focus on transparency, convenience, and ease of use.
A Game-Changer for NRIs
RemitFIRST2India eliminates the need for paperwork and offers zero transfer fees, making international money transfers economical for NRIs. The platform also guarantees competitive foreign exchange rates with no hidden markups or charges, ensuring cost transparency.
The entire process is digital and paperless, enabling quick money transfers directly to any bank account in India from Singapore and Hong Kong initially, with plans for expansion to other countries. NRIs can track their transactions in real-time, providing complete transparency and peace of mind.
Accessibility and Benefits
Existing IDFC FIRST Bank NRI customers can initiate transfers via the mobile banking app, while new users can onboard digitally through a dedicated web portal. New users will enjoy extra forex margin benefits on their first three transfers, adding further value.
Partnership and Compliance
RemitFIRST2India has been developed in partnership with SingX, a Monetary Authority of Singapore-licensed remittance provider, ensuring a compliant and secure cross-border payment experience.
IDFC FIRST Bank's Commitment
The launch of RemitFIRST2India reflects IDFC FIRST Bank's commitment to delivering a superior remittance experience to the global Indian diaspora. The bank's focus on speed, security, and ease of use is evident in this new platform.
IDFC FIRST Bank's dedication to financial inclusion and social responsibility is reflected in its high Environmental, Social, and Governance (ESG) scores. The bank's mobile App, which is ranked #1 in India and #4 App in the world by The Forrester Digital Experience ReviewTM: Global Mobile Banking Apps, Q4 2024, prioritises customers' financial well-being, offering a comprehensive suite of financial management features and providing personalised financial insights.
The bank adheres to a "Near and Dear" test, ensuring its products are so customer-friendly that employees can confidently recommend them to loved ones. With over 2 million views and highly rated on Google Playstore and Appstore, IDFC FIRST Bank's mobile App is a testament to its commitment to delivering a superior digital banking experience.
[1] IDFC FIRST Bank press release, 2024. [2] IDFC FIRST Bank website, 2024. [3] SingX press release, 2024. [4] The Forrester Digital Experience ReviewTM: Global Mobile Banking Apps, Q4 2024.
- In the realm of business and finance, IDFC FIRST Bank has introduced RemitFIRST2India, a digital remittance platform specifically designed for Non-Resident Indians (NRIs).
- By partnering with SingX, a Monetary Authority of Singapore-licensed remittance provider, RemitFIRST2India assures a compliant and secure cross-border payment experience.
- Amidst the bustling scene of technology and startups, RemitFIRST2India stands out as a game-changer, offering zero transfer fees, competitive foreign exchange rates, and real-time transaction tracking for NRIs.
- The fashion of convenience and lifestyle finds resonance in RemitFIRST2India, which enables digital and paperless transactions, offering quick money transfers directly to any bank account in India from Singapore and Hong Kong.
- In the education sector, IDFC FIRST Bank's mobile App, which is ranked #1 in India and #4 App in the world by The Forrester Digital Experience ReviewTM: Global Mobile Banking Apps, Q4 2024, prioritizes customers' financial well-being, offering a comprehensive suite of financial management features and providing personalized financial insights.
- The news of financial inclusion and social responsibility resonates as IDFC FIRST Bank maintains high Environmental, Social, and Governance (ESG) scores, reflecting its commitment to delivering a superior and responsible banking experience.
