To fulfill the needs of our customers and provide them a seamless environment, we have joined hands with Blockchain technology leading player Ripple to gain a frictionless experience for cross border remittance.
When Ripple is integrated with the existing payment system to act as gateway for processing real-time inward remittances, the cross-border transfers become much easier. This is because the sender and receiver are placed on same Ripple platform. This infrastructure provides a good customer experience; thus, achieving more business.
To improve the security and overall customer experience for inward remittance, many banks are moving towards integration with Ripple. When sending institution is enabled on Ripple and the receiving bank is set as a receiver, which is also enabled on Ripple, two entities will be able to transact faster with a high level of block-chain security.