Federal Bank Ties up With a Singapore Based Fintech for Online Money Transfer

KOCHI:
Federal Bank has entered into a tie-up with Transfer Easy Pte Ltd, a Singapore based Fintech Company, which uses the Online Remittance platform SingX to facilitate International money transfers. SingX offers a unique way of transferring money from Singapore to India, by eliminating the traditional wire transfer process commonly used by banks across the world.
SingX platform offers customers a quick and cost effective online remittance solution for transferring money. The company manages remittances of both Individuals and small businesses offering them a number of compelling benefits like:
Transparent and fair exchange rates
Nominal fund transfer fee
Convenient and Easy sign up and fund transfer process
Quick transfers
Speaking on the occasion, Jose Skaria, Assistant General Manager & Head-International Banking Department said “We are pleased to announce our first online Rupee remittance tie up from South Asia, with Transfer Easy Pte Ltd. Their platform SingX offers customers a new mode to transfer money to any bank account in India. NRIs in Singapore will now enjoy a low cost, fast, easy and more reliable way of transferring money to India”
Sing X leverages the latest technology to offer customers an unparalleled user experience. Consumers enjoy substantial savings by using this new platform. Speaking on the occasion, Atul Garg, Principal founder and CEO of SingX group. said “A world bank study shows that the average cost of an international money transfer is 7.4%. SingX platform leverages technology to cut this cost by up to 93% offering s
ignificant savings to customers. Our Platform is fully electronic and enables online registrations and same day transfers anytime from Singapore”