Oman UAE Exchange has partnered with State Bank of Travancore (SBT) to launch FLASHremit, a real time account credit facility in Oman.

With this FLASHremit service, Indian expatriates living in Oman can now transfer money directly to their beneficiary having account in State Bank of Travancore across borders in India.

The service will send SMS notification to both the sender and the beneficiary once the account is credited.

Both the parties have signed an agreement in the presence of a host of officials in Muscat.

Oman UAE Exchange CEO Boban MP said: "We are glad to partner with State Bank of Travancore for FLASHremit which is famed not just for its lightning speed but also, for its safety. We are confident that this innovative product will bring more value to our customers while remitting to India and further strengthen our relationship with them."

SBT managing director Jeevan Das Narayan said: "We are pleased to partner with Oman UAE Exchange in implementing this advanced technology to transfer money from Oman to India at real time.

"This is the age of digital banking and this strategic tie up will offer unparalleled services to our customers residing in Oman by enabling them the convenience to send money instantly to their beneficiaries in India."