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PNB to launch FLASHremit

sbi3UAE Exchange, a leading global remittance and foreign exchange brand in UAE, has tied up with Punjab National Bank to offer FLASHremit services. Indian expatriates, who have an account in Punjab National Bank, can credit money in their accounts in real-time. Dr B. R. Shetty, MD & CEO, UAE Exchange, said his firm has entered into an alliance with Punjab National Bank for FLASHremit, which enables customers to get a sense of security, while their money gets transferred instantly. K. R. Kamath, CMD, Punjab National Bank, said the bank’s goal has always been to provide enhanced customer experience by offering better services to them and this has brought it closer to UAE Exchange, which shares similar vision. FLASHremit is a unique product, which remits cash to bank account, in real time. FLASHremit has already marked its presence in India, Bangladesh, Pakistan, Philippines, Nepal, Indonesia and Sri Lanka.

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