Federal Bank ties up with OrbitRemit

Chennai: Federal Bank has entered into a tie-up with OrbitRemit Limited to facilitate money transfer from New Zealand to India.

“OrbitRemit Limited, a leading full- service provider based out of New Zealand, has its presence in other countries like Australia, UK and currently provides remittance services to around 39 countries worldwide,” said a Federal Bank statement.

Nilufer Mullanfiroze, senior vice-president and country head, deposits, cards and unsecured lending, Federal Bank said, “NRIs and small businesses in New Zealand will now enjoy a modern, low cost, fast, easy and more reliable way of transferring money to India.Federal Bank currently processes more than 17 per cent of the personal inward remittances into India.”