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Payment Company Ripple in Talks with NPCI and Other Banks to Offer Global Account-to-Account Transfers
April 29, 2017
Payment Company Ripple, which is funded by some of the most reputed companies such as Google, SBI Holdings, etc. is in talks with the National Payments of India and several Indian banks to roll out its account-to-account transfer services that will not require any payment network.
YES Bank and Axis Bank are two of the first Indian banks to back Ripple, and more are expected to join them soon as well.
According to Dilip Rao, Managing Director, Asia Pacific, Ripple has the potential to provide a cheaper and faster way to make transactions, and banks will especially benefit from it when they have to make small transactions such as travel related payments.
