RemitGuru, one of India's leading online remittance services brings some exciting news to share with their customers across the globe. Avenues Payments India Private Limited, the owner of RemitGuru.com has been listed among the 'Top 12' innovative startups by 'IBM SmartCamp Challenge India 2016'.
So, what is the IBM SmartCamp Challenge India 2016?The IBM SmartCamp Challenge India 2016 edition is one-of-a-kind event played host to the best of innovations in the FinTech startup space, throwing up new stars and showcasing the future. This is indeed an achievement for Avenues Payments, and this platform will surely give them a global recognition. Talking more about Avenues Payments, it was incorporated in the year 2012. It offers a digital cross-border money transfer platform for both business to customer and business to business segment.
Avenues Payments has used its vast and long standing experience in payments to offer cross border transfers and payments to both individuals and businesses through its online website www.RemitGuru.com, a business to customer solution. RemitGuru is a brand owned and run by Avenues Payment's India Pvt. Ltd. RemitGuru.com is a personalized online remittance service specially created to meet the unique and diverse needs of the Indian diaspora living overseas. RemitGuru successfully commenced its first money transfer services for NRIs in the UK in 2012; later in 2014 their services were launched for NRIs in Singapore and Eurozone. Now, with an impressive online remittance service and after a successful stint in these countries, they are launching new corridors for money transfers.
The business to business option offers platform as a white labelled solution for banks across the globe. If a bank wants to build its own system, it would cost them something between half-a-million dollars to $1 million, if not more. However, with Avenues Payments and RemitGuru this solution is available at a fraction of the capital cost with fully-loaded compliance, marketing, excellent customer service and modern operations tools, which have been tried and tested for millions of transactions across multiple geographies and currencies.
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