Yes Bank has tied up with Times of Money to launch its own online remittance solution called Yes Remit, allowing non-resident Indians (NRIs) to send money to any Yes Bank account or other bank accounts in India.
The company stated that the service will be available in Gulf Cooperation Council (GCC), United Kingdom and Eurozone countries. Interestingly, Yes Bank also stated that it will be incentivising customers who use the service by offering free e-gift vouchers. However, it didn’t disclose any specific information on this initiative.
Going forward, Yes Bank plans to extend this service across various geographies and currencies in a phased manner.
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