CURRENT AFFAIRS

Detailed explanation-1: -The company operates a best-in-class network across 120+ countries in the Americas, Asia, Europe and Africa. Federal Bank has tied up with Transfast to provide instant account credit to their account for customers from USA.

Detailed explanation-2: -Federal Bank has the option for bank account holders to send money overseas with an outward remittance facility. Under the name of Fed-e-Remit, all Indian residents with a savings account, or NRIs with an NRE account at Federal Bank can send money internationally through the online banking system.

Detailed explanation-3: -Fed–e-gate is a one step solution that enables you to accept Credit and Debit card payments from your e commerce website securely. A payment gateway is an e-commerce service that enables online websites with shopping / purchase facility to accept payments from their customers on the internet in a secure manner.

Detailed explanation-4: -Open Banking Fed-e-Remit is an easy and convenient online outward remittance service offered to Resident Individuals and NRIs holding NRE accounts to remit funds from India. The platform can be used 24/7 for booking an outward remittance in 13 major currencies across the globe at the most attractive rates.