|-LuLu Exchange partners with Federal Bank to enhance cross-border payments into India through RippleNet Cloud.|
-However, the new three-way partnership with the Federal Bank will help innovate new pathways in the payment service arena in India.
-Moreover, many people continue to exchange money using payment services even during pandemics.
LuLu Exchange partners with Federal Bank to enhance cross-border payments into India through RippleNet Cloud.
3-Way Partnership: LuLu Exchange, Federal Bank, and RippleNet
LuLu International Exchange is a financial service provider and market leader in the foreign exchange space. Moreover, it has entered into a collaboration with Federal Bank exchange, a foreign exchange bank in India. In association with RippleNet Cloud, a global payment exchange.
However, LuLu Exchange identified the purpose to improve cross-border transactions between India and the UAE. LuLu has an incredible line of 76 branches in the UAE.
In addition, this new three-way partnership with the Federal Bank helps to innovate new pathways in the payment service arena in India.
LuLu Financial Group Managing Director Adeeb Ahamed said,
“The partnership signals a major step towards strengthening our Indian corridor…overall mission to design the world’s most reliable, seamless and accessible financial journeys through collaborative partnerships and application of technology.”
RippleNet will deliver solutions. That will provide robust security, confidentiality through its innovative technology designed to meet the dynamic needs of the financial market. The SOC-2 certified solutions of the company will help to meet the international standards of safety and security.
Navin Gupta is Managing Director of South Asia and MENA. He pointed out that COVID hasn’t slowed the business in the payment exchange space. However, many people continue to exchange money using payment services.
The partnership between LuLu, Ripple, and Federal Bank will address the gap. Between the demand for innovative technology and increased traffic of payment transactions.
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