IndusInd Bank, based in London, Dubai and Abu Dhabi,has partnered with Wise, a money management company, to offer remittance services to non-resident Indians living in the U.S. and Singapore. With this Indus Fast Remit service, customers can transfer funds to India at competitive rates where they can compare rates, according to a press release.

Customers can use Bank Indus' Fast Remit platform or its main banking platform. About 55% of transfers sent are instant, saving time for customers.

"At IndusInd Bank, it's been our constant endeavor to bring forth path-breaking propositions that provide customers with a seamless banking and remittance experience," Soumitra Sen, head of consumer banking and marketing, IndusInd Bank, said in the release. "In keeping with this approach, we are proud to partner with Wise for our revamped Indus Fast Remit platform which enables NRIs to send money to a beneficiary in India at lower cost and at competitive conversion rates from two countries globally. We believe that this proposition will witness substantial traction amongst the NRIs, providing them with a comprehensive solution for seamless transfers to India."

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