TimesofMoney to launch ‘DirecPay’ by next month

TimesofMoney to launch ‘DirecPay’ by next monthTimesofMoney, a Times Group company, is all set to launch ‘DirecPay’ service across the country.  

The latest facility would enable merchants to facilitate transactions online, without holding an account with any particular bank.  

The service is targeted at enabling merchants who currently have limited payment options on the website as well as those who want to have an E-Commerce-enabled website and enhance business.

A company official, who is familiar with latest development, informed that the company has already conducted trial in select sectors and is expected to hit the market in a month.  

TimesofMoney offers remittance services from the US, the UK, Canada, Europe, Australia to India. The company presently remits $1.5 billion annually, which it wants to grow to $2.5 billion by the end of this fiscal.