Thursday, 10 December 2009

INDIA: Citi Partners With India Post For Remittances Solution

Citi has entered into a landmark partnership with the Department of Posts, Government of India (India Post) to enhance its recently launched MO Videsh remittance product. This international remittance service is powered by Citi’s WorldLink payment services and provides India Post the ability to send payments in over 130 currencies globally through their existing Eurogiro payments platform.

Under the partnership, India Post will provide global remittance services to its customers in over 800 head post offices across the country within three months. India Post plans to extend the service to over 8,000 post offices nationwide within one year.

This deal is significant for both Citi and India Post leveraging the Citi and Eurogiro partnership to provide India Post with the widest number of currencies globally. Read more

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