As a result, Remit2Home service will be available to the non-resident Sri Lankan (NRSL) communities from the US and the UK. They can use the service to transfer money online directly from their bank account abroad to beneficiaries in Sri Lanka.
Sri Lanka is the 5th largest emigrant country in South Asia with an estimated 2 million Sri Lankans, accounting for almost 10 percent of the countrys population, working and/or residing outside the country. In 2011, Sri Lanka received over USD 5 billion as worker remittances, a report released by the Central Bank has unveiled.
TimesofMoney`s offerings include specialised NRI services, India money transfers, global money transfers, e-payments and co-branded cards. The company provides remittance services from the US, the UK, Canada, Europe and Australia to India.
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