Transcorp Launches its digital remittance portal Transwire.in

Transcorp International Limited, a 27 years old Public Limited Company, and pioneer in the forex, & remittances and payments industry, announced the launching of a digital remittance portal - www.transwire.in, to facilitate outward remittances.

Mr. Gopal Sharma, Managing Director of the Company commented that with nearly 3 decades of dealings in cross border payments, Transcorp International Limited, is best equipped to launch digital remittance platform 'Transwire.in' to get transparency & ease to the customer for processing their cross border payments. Transwire.in will facilitate outward remittance transactions for students, education counselors, Universities travel agents, Destination Management Companies (DMCs) and money-changers.

Mr. Gopal Sharma further informed that since 2014, outward remittances on account of student fees, travel and other non-trade related purposes have significantly grown over 66% CAGR, from 2014. Transwire.in has used the progress in technology to provide ease in transactions by incorporating real time changes in rates and addressing all regulations relating to Foreign Exchange Management Act, 1999 and rules made thereunder and new tax related guidelines. So now the customer can simply log-in with their credentials, submit required documents for the transactions, #book-click-transfer the amount.

Shares of TRANSCORP INTERNATIONAL LTD. was last trading in BSE at Rs.12.66 as compared to the previous close of Rs. 13.15. The total number of shares traded during the day was 5028 in over 34 trades.

The stock hit an intraday high of Rs. 13.2 and intraday low of 12.5. The net turnover during the day was Rs. 64947.

Source : Equity Bulls

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