Paul Galant, CEO of Citi's Global Transaction Services, said, ''As the average value of remittances continues to increase, senders want to ensure that their money is safely reaching their destinations. The standalone nature of Citi Online Remit allows us the opportunity to extend our knowledge of the distinctive needs of this large and important customer group to altogether new customers.' For NRIs remittances are an important means of maintaining both real and emotional linkages with their country of origin. N Rajashekaran, Country Business Manager, Global Consumer Group, Citi India, said, 'For over 20 years, our NR Business has been at the forefront of helping many of our diaspora clients to invest in India. Initially available to NRIs in the US, the Citi Online Remit service will be extended to other geographies in a phased manner. The launch of Citi Online Remit further strengthens the Citibank NRI Business' leadership position in serving the needs of the 'Global Indian,' enabling it to expand its majority share of the target customer base.

The collaborative nature of the design of this new platform provides it an exceptional robustness whilst ensuring it has a highly intuitive customer interface.' Citi Online Remit is a fine demonstration of our commitment to generating customer insight and deploying technology and innovation to fulfill customer needs.

Suresh Bajpai, Global Head-Digital Banking and Payments, Citi said, 'Making our products and services available to our customers anytime and anywhere is one of our most important priorities. Powered by the QuikRemit platform from Citi's Global Transaction Services, this new platform leverages Citi's deep expertise in transaction services, cutting-edge technology, digital banking, payments and understanding of the needs of the Indian Diaspora to offer NRIs a secure, user-friendly and highly transparent means of money transfer. Citi Online Remit provides Non Resident Indians (NRIs) the facility to transfer funds to India from any US Checking/Savings account or using a US Credit/Debit Card as a direct transfer into the beneficiary's Bank account or as a draft couriered to the beneficiary's mailing address in India. today announced the launch of Citi Online Remit, a new online money transfer service to India. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.New York/New Delhi – Citibank N.A. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us.

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