22 August 2017
Visit http://response.ncr.com

Standard Chartered taps BNY Mellon for remittance service

10 May 2010  |  2323 views  |  0 Source: BNY Mellon

BNY Mellon and Standard Chartered today announced the launch of Standard Chartered's new Web-based remittance service, Transfer2Home.

It allows customers in the U.S. to remit funds to accounts with Standard Chartered and other banks in India. The service is based on the Remit Worldwide solution provided by BNY Mellon Treasury Services.

"Our Transfer2Home service is a step forward in providing a seamless banking experience to our customers. This platform helps us in strengthening our banking proposition for Non-Resident Indians," said Shyam Srinivasan, Head of Standard Chartered Consumer Banking, India. "The robustness of BNY Mellon's Remit Worldwide solution made it an ideal platform for the type of user friendly and reliable service we want to provide."

"India is an extremely important remittance market, and the startup of Standard Chartered's service underscores the growing strength of banks as remittance delivery channels," said Dominick Petramale, Remit Worldwide product manager for BNY Mellon Treasury Services. "We're delighted to be leveraging our extensive experience with electronic payments in India to the benefit of Standard Chartered's customers."

Remit Worldwide enables customers of client banks to remit funds directly to beneficiaries via BNY Mellon's integration of ACH, SWIFT messaging, and correspondent banking networks in support of global funds transfers. Remit Worldwide is part of an extensive portfolio of white label solutions, including a comprehensive array of cash management and trade finance services, offered to other financial institutions by BNY Mellon's Treasury Services group.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Standard Chartered Bank

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.vasco.comvisit www.niceactimize.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12227 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10745 views comments | 22 tweets | 33 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10091 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9985 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
9879 views comments | 21 tweets | 34 linkedin

Featured job

London, UK (or flexible)

Find your next job