• HSBC

Krores signs partnership agreement with ARY

  • United Arab Emirates: Sunday, July 13 - 2008 at 11:49
  • PRESS RELEASE

Krores, the global prepaid card solutions provider has signed a strategic alliance with the ARY-group on 29th June 2008.

The journey of ARY from a trading company to an international conglomerate is a story of uncompromising quality, absolute commitment and growing trust.

Krores, a company that lives and breathes its brand mantra of 'more than money', is focused on providing financial products that enable the mass and the middle class markets by allowing uncontested access to funds at anytime.

Needless to say, ARY's global presence and Krores' die-hard initiatives in the emerging markets unequivocally declare this tie-up as a match made in heaven.

The ARY Speed Remit-Krores tie-up is destined to touch the lives of customers not only with a growing network of service points, but also by providing competitive value for every transaction. For ARY the tie-up has been a step into the technology savvy world of its partner. For Krores, it's the global presence that ARY demands.

"We are very excited about this relationship with SpeedRemit. Our clients can now go to any one of the 15000+ authorized SpeedRemit locations globally, to send money safely and securely to India and Philippines via the unique Krores Prepaid Visa Card," said Madhu Krishnan, Marketing Manager of Krores.

The classic handshake between Vineet Katial, CMD, Krores Ltd. and Praveen Chandiramani, CEO, ARY Speed Remit signifies the surfacing of a prepaid superpower that can readily take-over emerging markets in the near future.

An acknowledged thought leader in international business, Vineet Katial has over 20 years experience in international business. Vineet is confident that Krores Ltd., his latest venture, has the ability to transform the prepaid solutions market.

Krores is the first prepaid solutions provider which is focused on emerging markets. The company intends to reach out to the masses and bring them in the main stream, by crossing the forged ceilings of credit risks, money in the bank, status, gender, caste and creed. Krores' mission is to provide a card in every wallet via prepaid instruments coupled with benefits of a credit and debit card for the 'card-shy' middle-class milieu.

With ARY- Speed Remit as its close ally, Krores is firmly poised on capturing a lion's share of the remittance market.
Left: Vineet Katial, CMD, Krores Ltd. and Praveen Chandiramani, CEO, ARY SpeedRemit. 
Left: Vineet Katial, CMD, Krores Ltd. and Praveen Chandiramani, CEO, ARY SpeedRemit.
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