Reliance Money eyes tier II cities

Anil Dhirubhai Ambani Group has announced that its financial products distribution company, Reliance Money Express, would be expanding its reach in non-metros including tier 1 and tier 2 cities of India.
Reliance Money CEO Sudip Bandyopadhyay said, "We have rechristened our brand Travelmate as Reliance Money Express with a new brand and identity in order to play an aggressive role in the country’s money changing business."
"India is the largest recipient of global remittance of around $27 billion which is more than 10 per cent of the total global remittance inflow of $240 billion due to the labour migration and increasing wages in foreign countries. We see immense potential in this business," said Mr Bandyopadhyay