Mumbai: Leatherback, a global banking service provider, has partnered with YES BANK to streamline remittances and Indian Rupee (INR) payouts in India. Using its advanced technology, Leatherback wants to simplify financial dealings for people and businesses.
The first financial tech company focused on Africa to provide INR remittance payouts, Leatherback’s initiative supports the growing trend of Africans and Indians seeking opportunities in business and lifestyle across continents.
A lot more goods are being traded between African countries and India – they hit $103 billion in 2023. This makes India the third biggest trading partner for Africa. Also, India has become a popular place for medical tourism, with 19.5% of African tourists going there for medical reasons in 2020.
The collaboration between Leatherback and YES BANK boosts economic growth and cultural sharing by improving financial access and connections between India and Africa.
Leatherback’s SendR remittance solution lets people from anywhere in the world easily send money to India using YES BANK’s market leadership. Users just need to provide a valid Indian Financial System Code (IFSC) to make payments. They get upfront low fees, real-time competitive exchange rates, and quick, secure onboarding processes.
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