Kotak Mahindra Bank has launched the Outward Forex Remittance Service Kotak Remit on mobile on Monday. This service allows users to send 18 lakh rupees daily directly from their mobiles to abroad.
New Delhi. You can also send money in currency of 15 countries through mobile phone. For this, Kotak Mahindra Bank launched a new service for customers on Monday. The bank has launched the Outward Forex Remittance Service Kotak Remit on mobile.
Through Kotak Remit, you can transfer funds directly from mobile phone to your relatives living abroad. Outward Forex Remittance Solution is live on Kotak mobile banking app. Kotak Mahindra Bank said, ‘For the first time Kotak customers can transfer money directly from their mobiles to their beneficiaries abroad. Customers will not have to pay any physical documents for transactions up to US $ 25,000.
Money from dollars to Riyadh can contain money. Transfer
Kotak Remit offers remittances in 15 currencies including US Dollar, Australian Dollar, UK Pound Sterling, Hong Kong Dollar, Saudi Riyal, Canadian Dollar, Singapore Dollar, Euro, Japanese Yen. Are included. “Mobile revolution has changed the way we bank, invest, shop and pay,” said Phani Shankar, president and co-head of Treasury and Global Markets, Kotak Mahindra Bank. Domestic payments have been one of the main areas of focus. The launch of Kotak Remit on mobile has entered a new phase of digital transformation involving international payments. It allows customers to transfer banking on mobile as well as international funds.
Worth $ 2.5 million a year
by filling the limit transfer details and beneficiary details, through customer Kotak remit, US $ 25,000 per day. (18 lakh rupees) or equivalent and up to US $ 250,000 or equivalent in a financial year. The customer will get a notification at every stage of the transaction process.
