Xpress Money plans free insurance, remit card to boost biz
- Cricketer Mohd Kaif, Nilekani, Ravi Kishen among 194 in Congress' first list of candidates for the Lok Sabha polls
- Yeddyurappa among 52 Bharatiya Janata Party candidates for Lok Sabha polls
- Malaysia Airlines plane with 5 Indians onboard missing, presumed crashed off Vietnam coast
- No compromise with live-ins or gay rights, moral values supreme: RSS
- Ink attack on AAP leader Yogendra Yadav at Jantar Mantar
Global money transfer brand Xpress Money will launch a free, short term insurance scheme for money remitters from the Middle East from April, besides promoting remittance cards to boost marketshare.
"We will offer free 30 days insurance of around Rs 1.9 lakh from some time in April for remitters through Xpress Money from the Middle East. We have also launched remittance card for the first time in the industry in 2012," Xpress Money global VP (marketing) Vinesh Nair said here today while speaking on strategies to boost marketshare.
Xpress Money marketshare was 20 per cent of the USD 25-27 billion cash to cash prepaid inward remittances into India with 44,000 points of presence across the country, he said.
The company has tied up with Punjab National Bank and ICICI Bank to offer a remittance card that works as a debit card.
Nair said the company was also working on extending online transfers from the US and UK markets beside Canada where it was introduced in September 2012.
Meanwhile as part of CSR activity, the company has adopted St Xavier English school.
"We have adopted this school as it serves the needy and is not under church support," Nair said.
- Chai pe Charcha gets police protection, EC officials to check on poll norm violation
- Complaint against Kejriwal: Kutch cops gather evidence
- AAP chief to hold first public meeting in Gujarat today
- Nominations for North Bangalore primary begin
- ‘Our campaigning in the state will be out of the box’
- ‘Aai Retire Hotey’ to take the stage for 100th time today