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India’s Federal Bank Partners with Ripple for Remittances

India’s Federal Bank Partners with Ripple for Remittances

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Asia/PacFintechNews Roundup
··1 min read

One of India’s major banks, Federal Bank, has partnered with Ripple to create a blockchain based remittances product; India was the top recipient of global remittances in 2018 with over $80bn in volume; Federal Bank owns 15 percent of this market and the Ripple partnership will be a main driver behind increasing that volume; the speed of the product, which is one of the top reasons someone selects a provider, will be the key differentiator; experts believe the market is set to grow by more than 70 percent in the next 5 years due to more digital channels. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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