Earthport has announced that The Reserve Bank of India (RBI) has granted it approval for operating outbound cross border payment services for banks in India. The group was already facilitating inbound payments into India on behalf of its overseas clients. The approval was granted after extensive reviews of Earthport’s solution by the Indian Bank’s Association (IBA), providing further validation of the group’s cross border payments network and compliance procedures. Increasing bi-directional flow ....
03 Nov 2016
N+1 Singer - Earthport - Approval for outbound services for banks in India
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N+1 Singer - Earthport - Approval for outbound services for banks in India
Earthport (EPO:LON) | 0 0 0.4% | Mkt Cap: 72.6m
- Published:
03 Nov 2016 -
Author:
Oliver Knott -
Pages:
4
Earthport has announced that The Reserve Bank of India (RBI) has granted it approval for operating outbound cross border payment services for banks in India. The group was already facilitating inbound payments into India on behalf of its overseas clients. The approval was granted after extensive reviews of Earthport’s solution by the Indian Bank’s Association (IBA), providing further validation of the group’s cross border payments network and compliance procedures. Increasing bi-directional flow ....