Key people Avijit Nanda Headquarters Mumbai Parent organization Network International LLC | Website www.timesofmoney.com Founded 2000 | |
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Type Limited Liability Company Industry E-Commerce, ePayments, Online Remittance Profiles | ||
TimesofMoney is an Indian digital payment service provider which operates internationally. The company’s services include NRI services, India centric and global money transfers and e-payments.
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History
TimesofMoney was started by The Times Group in 2001. In November 2012, Network International, a U.A.E. based company, acquired a majority stake in Timesofmoney. Until then, TimesofMoney was a 100% subsidiary of Times Internet Ltd., which in turn was a subsidiary of Bennet Coleman & Co Ltd., who continued as minority shareholders.
Times Group companies
Remit2India was launched on 14 February 2001 as a personalised online remittance service, which facilitates money transfers to India by non resident Indians spread across the world. The service provides global coverage, aggregates payments and delivery modes and claims to have the widest delivery network in India.
Remit2India has been criticised, by customers, for providing lower rates than advertised and withholding transfers.