Remitly, backed by Jeff Bezos has started providing payments services to India. Now, with Remitly it has become easy to send money from the US to India in mere span of minutes. With the start of the Remitly services in India, it has instantly lit over $11 billion market with aggressive evaluation and Forex rates.
Bank of India has come along with Instant Money Transfer facility wherein any individual without having bank account or debit card can use their ATM’s to withdraw cash. This is for the first time in India, that any bank has come up with such a facility to withdraw cash without any bank account.