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