Tata Communications launches mobile money transfer

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New Delhi, May 7 (UNI) Country's leading telecom services provider Tata Communications along with Idea Cellular, Etisalat and HSBC India today launched a mobile-based money remittance service for its subscribers.

''As part of the service, UAE-based Indian immigrants can transfer money to their families based in India and the service would complement existing remittance channels and make transferring money internationally more affordable,'' a statement said.

In the first phase, this service would be extended to over 27 lakh subscriber base of mobile services Operator Idea Cellular in Kerala.

The facility also provides the ability to the sender to easily track the transaction from remittance till such time the money reaches the recipient.

''We are certain that the convenience and ease of use of this new remittance service, will be a significant value add for our 27 lakh subscribers in Kerala,'' Idea Cellular Chief Marketing Officer Pradeep Srivastava said.

HSBC would be the banking partner for the funds transfer and disbursement in India with Mashreq being the banking partner in the UAE.

UAE-based telecom service provider Etisalat would provide secure mobile remittance service while Tata Communications would be central hub of the service.

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