Business
IndusInd Bank partners with NPCI to offer cross-border payments via UPI
IndusInd Bank has partnered with the National Payment Corporation of India (NPCI) to provide real-time cross-border remittances to India using UPI ID for its money transfer operator (MTO) partners, the bank said in a statement released to the index on Monday.
“Through this move, IndusInd Bank has become the first Indian bank to use UPI for cross-border payments/NRI remittances. Under this arrangement, MTO will use IndusInd banking channels to connect with NPCI’s UPI payment system for verification and cross-border payments. International payments are settled to the beneficiary’s account,” the statement read. IndusInd Bank has started to conduct foreign inward remittances (FIR) with Thailand through UPI.
DeeMoney-a financial solutions provider based in Thailand, providing remittance and foreign currency exchange services. Customers using the DeeMoney website only need to add the UPI ID of the payee, and then they can transfer money easily.
IndusInd Bank also plans to add more partners in other countries/regions in the near future to make cross-border payments through UPI.
Speaking of the partnership, Mr. Soumitra Sen, Head of Consumer Banking and Marketing, IndusIndBank, said: “At IndusInd Bank, we have been working hard to come up with groundbreaking propositions to provide customers with a seamless banking experience. In order to stay with this approach In agreement, we are honored to cooperate with NPCI to launch the country’s first UPI-based cross-border remittance tool, enabling NRI to use their UPI IDs to remit money transfer operators to Indian beneficiaries through our partners Exchange Houses, Banks and Money. This is an important step in simplifying money transfers into a function, because individuals living overseas can now easily transfer money to recipients by simply adding their UPI id without having to remember their bank account details. We believe The realization of foreign remittances through UPI is an important milestone in strengthening its use as a platform and will greatly help increase the adoption rate of NRI across regions.”
Ms. Praveena Rai, Chief Operating Officer of NPCI, said: “We are very happy to work with the Industrial Bank of India. We believe this initiative will provide a simpler and more efficient remittance experience for international travelers using UPI. We believe that our association will become a UPI is one of the main factors driving the development of cross-border payments. As UPI gets involved in cross-border remittances, we look forward to witnessing a significant increase in UPI transaction volume in the coming years. “This cooperation will enable IndusInd Bank’s partners to promote non-residents Remittances of Indians (NRI) and Indians (PIO) live all over the world to transfer funds to their non-resident external (NRE) and non-resident general (NRO) accounts as well as their family and relatives in India.
Complete News Source : mint
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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