Payment Platform TransferGo launched a service for payments to India. The system operates on the basis of Ripple technologies and allows you to make instant money transfers. This service is designed to replace the slow and expensive system of SWIFT-transfers.
Now a new payment platform is available to all countries of Europe, and transfers can be made using bank cards. A quick commission is established for fast money transfers, however, an alternative with zero commissions is also offered to customers. But then the transaction will take up to three working days.
During the interview, the founder of TransferGo Daumantas Dulinskas noted:
Using Ripple’s revolutionary Blockchain technology, we can establish real-time communication between us and our banking partners in India, allowing TransferGo customers to send money to family or friends, and make instant international payments.
The ambitious plans of the company do not stop there, in TransferGo they stated that they continue to work on additional products and services.
It should be noted that the direction for the payment corridor was chosen not by chance, Ripple has long been present on the financial market of India and has already opened an office in Mumbai. The company cooperates with a number of large Indian banks, such as Kotak Mahindra and Axis Bank, who use RippleNet to track payments.