Citibank today launched a new online money transfer service for the US-based Non-Resident Indians (NRIs).
'' Citi Online Remit provides NRIs the facility to transfer fund to India from any US checking/savings account or using a US credit/debit card as a direct transfer into the beneficiary's Bank account or as a draft couriered to the beneficiary's mailing address in India, '' a Bank release said here today.
Paul Galant, CEO of Citi's Global Transaction Services said, '' Initially available to NRIs in the US, the Citi Online Remit service will be extended to other countries in a phased manner. '' Suresh Bajpai, Global Head, Digital Banking and Payments, Citi, said, '' Citi Online Remit has a wide range of ecurity features built into the platform such as Online Identity Verification, Multi-Factor Authentication, Global IP tracking and Account authentication. The platform also offers an online tracking system that allows NRIs to follow their transaction at every stage of the transfer process and facilitates the scheduling of dates for future transfers by setting up recurring transfer instructions. ''
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