Axis Bank customers can send money abroad in 100 currencies using mobile app

Axis Bank has recently said that their customers can now send money abroad in over 100 currencies through their mobile application. Announcing the addition of ‘Send Money Abroad’ feature to its Axis Mobile App, the bank stated customers will be able to send money by following a simple 2-step process given on the app.

Customers can send money abroad in over 100 different currencies, without any need to visit a branch. They  can send up to USD 25,000 per transaction for various purposes such as education fee payment, family maintenance, and health-related expenses. Customers can now add payees and track payments seamlessly.

To make the proposition richer, the bank is also offering a preferential rate on digital channels. With this features, the lender has made this an omni-channel experience for its customers, as there is complete integration between mobile banking and internet banking transactions.

Satheesh Krishnamurthy, Executive Vice President and Head (private banking and third-party products), Axis Bank, remarked, “Forex transactions are traditionally viewed to be complex transactions, involving lengthy documentation. However contrary to this belief, in most cases, it’s as simple as a domestic transfer. Our Mobile App journey demonstrates this by offering a frictionless and simplified process.”