Ripple (XRPUSD): MoneyGram expands remittance services in...

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europa7

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Monday, 01/20/2020 1:52:18 PM

Monday, January 20, 2020 1:52:18 PM

MoneyGram expands remittance services in India in partnership with EbixCash.
https://coinnounce.com/moneygram-expands-remittance-services-in-india-in-partnership-with-ebixcash/

"...MoneyGram last year partnered with Ripple to enhance their cross-border remittance services using RippleNet technology. MoneyGram is looking to extend its services in India in partnership with EbixCash. The expansion could mean that MoneyGram might use Ripple’s technology for cross-border settlements in India. The expansion in blockchain and other innovative technology could result in more jobs in Delhi and other cities of India.

MoneyGram would have access to EbixCash’s 320,000 distribution outlets in India.

EbixCash is a financial subsidiary of Ebix. The new partnership would grant MoneyGram access to EbixCash’s 320,000 distribution outlets in India spread across over 4,000 cities and more than 75,000 rural areas. MoneyGram is expected to generate remittance volumes over $3 billion..."