Federal Bank has partnered with Abu Dhabi-based LuLu Money, a digital money transfer financial services group to cater to the bank’s clients in Hong Kong. The bank said the tie-up will facilitate instant money transfer to India from Hong Kong. LuLu Money is part of the Abu Dhabi based LuLu Financial Group, which has operations across 10 countries with more than 200 branches worldwide. The company makes use of latest technology to offer unparalleled user experience to its customers. Federal Bank’s customers in Hong Kong can now send funds at low cost and at real time. Beneficiaries in India can receive money at a cost of HKD 20 per transaction, regardless of the amount being sent.
