Xpress Money is available the Money Transfer Service Scheme by RBI. It facilitates instant payment of foreign inward remittance in cash (for amount less than Rs. 50,000/-) to individual beneficiaries in India within minutes. The service is a boon to NRIs and their families in India as well as foreign tourists visiting India and foreign students studying in India. It is a hassle free instantaneous payment to beneficiary against photo identification.
Xpress Money, one of the fastest growing Global brands in instant money transfers, has an agent network spanning over 50,000 locations in 100 countries across five continents. This extensive network, together with unique and unrivalled services helps to receive money in India from almost anywhere in the world, within minutes. Swiftness, security and convenience make it one of the favourite brands for instant money transfers. Unique features include payment confirmation to the sender through SMS on payment collection by the beneficiary, which helps avoid costly follow-ups.
Xpress Money in India operates within the purview of RBI guidelines and within the following framework.
Process Flow for Xpress Money