Dubai PR Network, Online Press Release from Dubai and Middle East
 
Trade & Commercial(Others)
Filter PR by
  
UAE Exchange Partners with Ripple for Instant Cross-Border Payments
 
UAE Exchange Partners with Ripple for Instant Cross-Border Payments
  • First global money transfer business in Middle East to offer real-time, seamless payment solutions by using blockchain technology 
Dubai, 10 February 2018:   UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced it has partnered with San Francisco-based Ripple to enable instant, seamless and real-time cross-border payments. This makes UAE Exchange the largest payment solutions provider in the Middle East to use Ripple’s blockchain technology to process payments globally in real time.
 
Through this partnership, UAE Exchange joins RippleNet, Ripple's enterprise blockchain network with over 100-member banks and financial institutions. Leveraging the strengths of Ripple’s leading enterprise blockchain solution for payments, which provides real-time messaging, clearing and settlement of financial transactions for global banking and payment partners, UAE Exchange will be able to offer an enhanced innovative payments experience for customers, including competitive rates, speed, transparency and efficiency. 
 
Promoth Manghat, Chief Executive Officer of UAE Exchange Group, said: “Our growth strategy has always been, and continues to be, driven by our customer-centric approach. Incorporating Ripple’s blockchain technology into our payments systems will bring customers an enhanced, new payments experience.” He added, “The early adoption of this game-changing technology allows us to offer a competitive service, as it will have an impact on the speed and cost of cross-border transactions. We are proud to deliver the future of payments with Ripple.”
 
Dilip Rao, Global Head, Infrastructure Innovation, Ripple, said: “We chose to focus on solving inefficiencies in key corridors where payment flows are significant and growing. Adding a market leader like UAE Exchange to RippleNet will bring instant, certain, low-cost payments to the millions of retail customers in the UAE who send money abroad.”
 
With multiple investments in various fintech and digital payments companies, UAE Exchange is focused on collaborating with technology specialists, start-ups, industry partners and the academia to seek out opportunities that deliver seamless and positive customer experiences through the brand’s portfolio of digital assets and services. 


Posted by : Dubai PR Network Editorial Team
Viewed 21344 times
PR Category : Others
Posted on : Saturday, February 10, 2018  2:57:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Voting for Superbrands 2018 has commenced
Next Story : DowDuPont Reports Fourth Quarter and Full Year 2017 Results
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Drops of Youth [11620-Views]
Go Neutral with Palladio Beauty [10077-Views]
Valentine's Gifts to Fall in Love With [9479-Views]
Reveal Your Cosmic Beauty With These Gift Sets From Wet n Wild [9168-Views]
Start the Year with Gorgeous Glowing Skin with a Little Help from DERMAdoctor [7729-Views]
The Tag Heuer Autavia [7601-Views]
Regulator at pole position [7381-Views]
Corum Admiral's Cup Legend 47 Worldtimer' [7381-Views]
Parmigiani Fleurier creates horological history with world's first wristwatch with Islamic... [7125-Views]
Dubai Jewellers Expect a Steady Sale During the 25th Dubai Shopping Festival Promotion [6539-Views]
Malabar Gold & Diamonds - New Store opened in Kanpur, UP, India [6399-Views]
The Winter Youth Olympic Games Lausanne 2020 [6332-Views]
Kanz Jewels proves to be a lucky destination for jewellery shoppers during DSF 2020. [6320-Views]
OMEGA Ready to Time The Winter Youth Olympic Games Lausanne 2020 [6179-Views]
Show your Support for Australia alongside THT – That Hair Tho [5569-Views]
Eberhard & Co. Gilda timepiece makes an extraordinary Valentine's Day gift [5527-Views]
Corum And Joachim Horsley Light Up The Folies Bergère [4624-Views]
Former United Nations Secretary-General Ban Ki-moon delivers keynote speech at inaugural G... [4612-Views]
Seha Leads Discussions in Pediatric Medicine [4240-Views]
Valentine's Day Fashion and Gifting - Steve Madden [4197-Views]
Spice It Up With Szechuan! Shake Shack is Celebrating the Chinese New Year With an Asian-i... [3825-Views]
Celebration in Bahrain for Aga Khan Award Laureate “Revitalisation of Muharraq” [3715-Views]
Fashion and Gifting for Valentine's Day - ECCO [3703-Views]
The Data Center Market in 2020: What to Expect [3593-Views]
ADNEC to Host the World Future Energy Summit 2020 [3538-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories