Western Union Money Launch of Outward Remittance from India

            Readers are familiar with the Western Union Inward remittance facility.

This week, Western Union Business Solutions – Indian Office has announced a new service i.e Outward Remittance. Wait, don’t jump the gun, the new service is to l allow foreign universities and higher education institutions to accept tuition payments from Indian students in Indian rupees.

            The estimated market is 2lacs+ each year. This is the 2^nd largest market in the world after China.

            The process flow is simple: -

01) The fees can be remitted only by prospective students of participating schools and universities.

02)It will be offered by Weizmann Forex and Paul Merchants Ltd, the two largest Western Union agents in India. ,

03) Weizmann Forex and Paul Merchants Ltd have presence at over 500 locations across the country.

04)Students need to call a toll-free number and after updating the required information, request a for a house visit.

05)A trained representative of Western Union Agents i.e Paul Merchants or Weizmann Forex, will visit to complete the documentation.

06)On completion of the documentation, the INR will be collected and outward remittance to the student’s educational institution will be done.