ICICI Bank UK PLC, Frankfurt has launched “Insta Netexpress” service to enable users track money transfers to beneficiaries’ bank accounts in India with an assured exchange rate and processing time.
Launched through its online money tracking platform www.money2india.eu for Indians residing in Europe, the service will be provided in association with PAY.ON.
The new service enables simple and fast access to more than 100 international payment schemes along with integration of most diverse risk management methods.
As a web-based online remittance tracking platform, Money2India.eu track remittances from 17 Eurozone geographies to beneficiaries in India and offers competitive exchange rates, no processing fee or service charges, and faster processing time.
Operating in the German retail market since 28 February 2008, ICICI Bank UK PLC is a member of the Association of German Banks and regulated by the British Financial Services Authority (FSA) and the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).
As a subsidiary of ICICI Bank in India, the bank is responsible for retail and corporate banking business as well as investment banking in UK and other European countries.