LuLu, a cryptocurrency exchange based in China, has partnered with Federal Bank to enhance cross-border payments. The partnership will allow for faster and more cost-effective transactions between the two countries.
Topic: LuLu Exchange Partners With Federal Bank to Enhance Cross-Border Payments
Posted 6 months ago | 2 minutes to read
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|-Through RippleNet Cloud, LuLu Exchange has partnered with Federal Bank to improve cross-border transfers into India. The new three-way collaboration with the Federal Bank, on the other hand, will aid in the development of new payment service routes in India. – Furthermore, even during pandemics, many individuals continue to use payment systems to trade money.|
Through RippleNet Cloud, LuLu Exchange has partnered with Federal Bank to improve cross-border transfers into India.
We’re excited to announce our collaboration with Ripple and Federal Bank to improve real-time transfers from the UAE to India, making them quicker and more cheap than before. To learn more, visit one of our 76 offices in the UAE or call 600 5222 04 @Ripple pic.twitter.com/VoCcycce92 #ripple #luluexchange
— January 26, 2021, LuLu Exchange (@LuLuExchange)
LuLu Exchange, Federal Bank, and RippleNet have formed a three-way partnership.
LuLu International Exchange is a financial services company and foreign exchange market leader. It has also formed a partnership with Federal Bank Exchange, an Indian foreign exchange bank. In collaboration with RippleNet Cloud, the world’s largest payment network.
LuLu Exchange, on the other hand, defined the goal as improving cross-border transactions between India and the UAE. In the United Arab Emirates, LuLu has 76 locations.
Furthermore, this new three-way collaboration with the Federal Bank aids in the development of new payment service routes in India.
Adeeb Ahamed, Managing Director of LuLu Financial Group, said,
“The collaboration represents a significant step forward in strengthening our Indian corridor…overall goal to create the world’s most dependable, frictionless, and accessible financial experiences via collaborative partnerships and technology application.”
RippleNet will provide services. Through its unique technology intended to suit the changing requirements of the financial industry, it will offer strong security and secrecy. The company’s SOC-2 certified solutions will assist in meeting international safety and security requirements.
Navin Gupta is the Managing Director of South Asia and the Middle East and North Africa. COVID hasn’t hampered operations in the money exchange sector, according to him. Many individuals, however, continue to use payment systems to swap money.
The LuLu, Ripple, and Federal Bank collaboration will close the gap. The need for new technologies is increasing, as is the volume of financial transactions.
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Topic: LuLu Exchange Partners With Federal Bank to Enhance Cross-Border Payments Reference: ripplenet cloud.
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