Wells Fargo (NYSE:WFC) has entered into a remittance service deal with India based HDFC Bank.
Wells Fargo Signs India Bank Deal
Through this new agreement with HDFC Bank, the US based financial giant Wells Fargo (NYSE:WFC) has doubled its ExpressSend(R) remittance network payout locations in India.
Daniel Ayala, executive vice president and head of Wells Fargo (NYSE:WFC)’s Global Remittance Services said, “India has one of the highest remittance volumes in the world according to the World Bank. This is evident from high customer demand as well. We are glad we can make payout locations even more convenient now by expanding our remittance payout network in India with HDFC Bank.”
Wells Fargo (NYSE:WFC) shares are currently standing at 31.58.