Adds six new banks to network in India and Philippines
– Emirates India International Exchange (EIIE), one of UAE’s most established exchange houses, recently announced its tie-ups with new correspondent banks in India and the Philippines.
The company has added four new correspondent banks in India and two in the Philippines. Punjab National Bank, Indian Overseas Bank, Canara Bank, and IndusInd Bank are the new partner banks in India, while Rizal Commercial Banking Corporation and Smart Padala are the new affiliates from the Philippines.
Commenting on the development, Mr. Santosh Tandel, Chief Executive Officer of Emirates India International Exchange, said, “There has been a significant rise in remittances to India and the Philippines in recent months, and these new partnerships will increase the options available to our customers to send money to their home countries at affordable cost. These enhancements are a reflection of our commitment to provide the best possible services across the industry and to serve our customers better.”
Now on its 28th year of providing reliable service to customers in the UAE, Emirates India International Exchange offers Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) transfer facilities to over 90 banks in India.
About Emirates India International Exchange
Established in 1980, EIIE has a network of 15 branches across the UAE. EIIE’s services include demand drafts, telegraphic transfers, mail transfers, Western Union Money Transfer, currency exchange, inter-bank transfers, and Gulf TTs. The company has a wide network of correspondent banks in India, Sri Lanka, Bangladesh, and the Philippines.
