INTERNATIONAL(INWARDS) MONEY TRANSFER
Indians living abroad may send money to their family members living in India through International Money Transfer Services. For this purpose, Western Union Money Transfer Services Inc, USA is the world leader in providing fastest, safest and reliable money transfer services. Western Union has been in existence since 1871 and is a fortune 500 multinational company with corpus of over USD 5 Billion, presence in more than 200 countries with more than 4,00,000 locations in its fold.
Paul Merchants Limited(PML) had joined hands with Western Union in the year 1998 and was the last primary agent in private sector to join Western Union for providing international money transfer services in India. For this purpose the Company holds a license issued by Reserve Bank of India. In a short span of time PML surpassed all other Primary Agents in terms of business and as of now is boasting of around 650 own offices and more than 18000 franchisee locations located across the length and breadth of country.
Over the years Paul Merchants Ltd. has emerged as the biggest Primary Agent of Western Union in whole of South Asia and is gaining more and more strength in terms of network growth with every passing day. There is a PML franchisee in every nook and corner of the country and PML's own offices are located in every big city of the country. So if you intend to send money to someone in India then make sure you do it through Western Union Money Transfer to Paul merchants for disbursement.
A person in India can receive money in just minutes after his sender has sent money from Abroad.Each transaction is electronically remitted through Western Union central server and is generated through a software which is absolutely safe and easy to use. Robust security features are inbuilt. The documentation and payment process has been designed in a way to ensure that the payment is made only to the actual receiver. For this purpose all the locations of Paul Merchants Limited have been geared with all state of the art infra structure to provide timely and safe services to the customer.
For receiving money in India a customer has to fil up a very simple form which is called To Receive Money (TRM) Form. This form contains basic information relating to the transaction like MTCN no.name of the receiver, name of the sender, amount, country etc. which any person having elementary education can also fill up. Otherwise, our Front Office Executive can also help the customer to fill up the TRM. Further, to receive money , a person do not need to open a bank account if his transaction is less than Rs. 50,000/-. Payment in those cases is made in cash. The Receiver will be required to present a proper photo identification for any transaction and will be paid immediately. This way Paul Merchants and Western Union are much more convenient than any Bank.
Money Transfer services in India are being provided by Paul Merchants in association with Western Union as per the license issued by Reserve Bank of India. The conditions prescribed by RBI in this regard are strictly adhered to by the Company and its entire network all Anti Money Laundering laws, KYC norms and other regulations are duly complied with.