Reliance Money ties-up with DTDC Limited

July 5th , 2007, New Delhi: Reliance Money, the financial distribution company of the Anil Dhirubhai Ambani Group, today announced its tie-up with DTDC Courier and Cargo Limited, India's leading Air Express and Cargo Company.

The tie-up was announced by Sudip Bandyopadhyay, Director & CEO, Reliance Money and Subhashis Chakraborty - Chairman of DTDC here today.

As per the agreement, DTDC Limited, will be installing Reliance Money web-enabled retail kiosks at their own and Franchisee outlets across the country. DTDC has over 4200 strategically located outlets and collection centers across the country.

"This initiative will bring our customer servicing capabilities in the Financial Services space and mark our entry into the value added services. The Customers at our outlets will be able to complete their financial transactions using Reliance Money kiosks", said Mr. Chakraborty .

In addition, DTDC would also facilitate Customer Acquisition process of Reliance Money and act as Partner for both it's Trading & Financial Distribution business. DTDC through it's nationwide presence in 3700 towns and cities would assist Reliance Money in sourcing customers.

"Our tie-up with DTDC would facilitate Customer Acquisition process and provide customers additional convenient locations for completing their financial transactions. With the installation of these Kiosks at its outlets, DTDC can leverage increased walk-ins into their outlets while Reliance Money will strengthens its distribution reach, a mutually beneficial relationship between both partners", said Mr.Sudip Bandyopadhyay.

Reliance Money is the first company to deploy internet enabled retail kiosks for trading in the world with the sole purpose of getting close to the customer and providing them convenient and secure access to a cost effective transaction platform for meeting their financial transaction requirements.

Reliance Money has plans to deploy over 10,000 such kiosks in the country, the biggest deployment by any company globally, that will enable its customers to transact in, amongst others, Equity, Equity & Commodity Derivatives, Mutual Funds, IPOs etc.