Standard Chartered has tied up with payments service provider TimesofMoney in order to service customers in the United Kingdom, the United Arab Emirates, Singapore, Hong Kong and Bahrain. TimesofMoney is a payments services company which provides them money transfer services for various financial institutions. Its Private Label Remittance Service caters to the global cross-border money transfer industry.
Standard Chartered Bank has also entered into a strategic arrangement with US-based BNY Mellon for providing Automated Clearing House (ACH)-based remittance service from the United States.
Standard Chartered Bank is Indias largest international bank with 94 branches in 37 cities and a combined customer base of around 2 million retail customers.
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