IndusInd Bank partners with JP Morgan for 123-currency remittances
In short
IndusInd Bank has partnered with JP Morgan Payments to offer remittances in 123 currencies. It will use the Xpedite solution, which gives automated currency rate feeds and uses J.P. Morgan’s global network.
This should make cross-border transfers faster and easier for customers.
What the reporting says
IndusInd Bank has tied up with JP Morgan Payments to offer remittances in 123 currencies. The bank will use JP Morgan Payments’ Xpedite solution, which provides automated currency rate feeds and uses J.P. Morgan’s global network. The arrangement is meant to streamline cross-border transfers for customers.
Why it matters
IndusInd Bank has partnered with JP Morgan Payments to provide remittances in 123 currencies. Morgan’s global network. The tie-up is aimed at streamlining cross-border transfers and improving the remittance service offered to customers.