UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has joined hands with Bank of Baroda, an Indian public sector bank, to offer FLASHremit, an instant bank transfer facility.

The customers will now be able to send money to their desired bank accounts in the Bank of Baroda in India, within minutes, said a statement.

Dr B R Shetty, managing director and chief executive officer, UAE Exchange, said: “We have always explored the possibilities of bringing the best to customers. Toward this we have joined hands with Bank of Baroda to offer FLASHremit, our instant bank account credit service. We have a long relationship with Bank of Baroda.

“I am sure that this special tie up will further strengthen this relationship. This service enables our customers to get the money transferred to the desired bank account within minutes. They also get a SMS notification the moment the amount is credited in the bank account.”

Ranjan Dhawan, managing director and CEO, Bank of Baroda, said: “Bank of Baroda is proud to join hands with UAE Exchange for introducing this innovative technology to transfer money to India at lightning speed.

“I am sure the new arrangement will further strengthen the relationship with both the entities, which share a similar passion for customer service and derive the enthusiasm from same values.” - TradeArabia News Service