What role does Dena Bank play in DENA IndiaRemit?
Dena Bank is the banking backbone for DENA IndiaRemit and undertakes the money transfer activity for transactions. In short, the money you send is managed entirely by Dena Bank – receiving wire transfers, converting funds to Indian Rupees to issuing a Demand Draft in favor of your beneficiary or directly depositing money into your Receiver’s account. Times Online Money Ltd. provides the technology, operations and the service platform.
