Avenues Launches Online Remittance Solution www.RemitGuru.com for Non Resident Indians

Mumbai, 28th December, 2012 –– Avenues, South Asia’s biggest eCommerce service provider, has launched www.RemitGuru.com , a personalized online remittance service specially created to meet the unique needs of the Indian diaspora living overseas.

India is the top remittance receiver in the world, with a robust US$ 70 billion in 2012 (as per a World Bank Report), a growth of 16% over last year, thereby topping the list of developing countries which have received a total of $406 billion in 2012. After India, China will stand second with $66 billion, followed by Mexico and the Philippines with $24 billion each.

Online remittances, increasingly being preferred by Non-resident Indians, are growing at an incredible rate of approximately 20% CAGR.

Speaking at the launch, Hershel Asmani, CEO of Avenues Payments India Pvt. Ltd., which has launched www.RemitGuru.com said: “www.RemitGuru.com aims to satisfy the needs of Indians abroad by providing a superior technology platform, user-friendly service coupled with the Best conversion rate guarantee, thereby redefining the way remittances that are being done till now.”

Vishwas Patel, Chairman of Avenues Payments India Pvt. Ltd. also said:“www.RemitGuru.com aims to give the NRI’s an excellent platform to not just send money home from their local country bank accounts to their family in India in a secure, speedy manner but also pay for goods, recharge and travel related services offered by thousands of web merchants using Avenues’s www.CCAvenue.com Payment gateway solution.”

Amit Badiyani, Director Technology, Avenues Payments India Pvt. Ltd. also said: “www.RemitGuru.com has the best technology platform and is extremely scalable. All our customer data is extremely secure and our systems and processes are compliant with the Payment Card Industry Data Security Standards 2.0 from day one of its launch. We are now in the process on building mobile apps for the iOS, Android, Windows and the Black Berry platforms as the NRI audience are increasingly using their mobiles to send money to their loved ones in India.”

About www.RemitGuru.com

www.RemitGuru.com understands that the ties that bind the NRI to his roots go deep and it truly appreciates the sentiment behind the act of remittance of money and gifts to the loved ones back home. www.Remitguru.com is a personalized online remittance service specially created to meet the unique needs of the Indian diaspora living overseas. www.RemitGuru.com redefines the way the Non Resident Indians stays connected with his family by introducing new ideas and methods into the money transfer process. For more info, please visit www.RemitGuru.com .

About Avenues

Avenues (www.Avenues.Info ) is South Asia’s Biggest E-Commerce service provider which provides payment gateway services to thousands of web merchants across the world through its solution www.CCAvenue.com and other industry vertical specific solutions like www.ResAvenue.com (Hospitality) ; www.HotelsAvenue.com (Travel Agents) and www.EventAvenue.com (Event Management).


Press Release:- http://www.remitguru.com/transfer/jsp/avenues-launches-remitguru.jsp

Contact Information

Hershel Asmani

CEO

Avenues Payments India Private Limited

Contact via E-mail