large scale image
LCP Image

Back to TSCFM News

Kotak Mahindra Bank launched Kotak Remit for mobile

February 16, 2021

Kotak Mahindra Bank launched Kotak Remit for mobile

Kotak Mahindra Bank on Monday reported the launch of its outward forex remittance service, Kotak Remit, on mobile that will permit clients to send cash to another country directly from their cell phones.

The outward forex remittance solution is live on the Kotak Mobile Banking App. Unexpectedly, Kotak clients can advantageously move cash universally to their recipients directly from their mobile, Kotak Mahindra Bank said in a release.

The private sector moneylender said that it is an industry-first move, and clients won’t need to furnish any physical documents for transactions up to USD 25,000 or identical flawlessly to permissible geographies across the world.

‘The mobile has been at the centre of a revolution of sorts and it has changed the manner in which we bank, invest, shop and pay.

Phani Shankar, President and Co-Head Treasury and Global Markets, Kotak Mahindra Bank said, “With the launch of Kotak Remit on mobile, we have entered another period of digital transformation enveloping worldwide payments, which gives our clients the benefit of betting on mobile for making global fund transfer as well”.

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp