By joining Ripple, financial institutions are able to communicate information about a payment between each other and settle payments immediately, IndusInd Bank says. Photo: Satish Kaushik/MintNew Delhi: Private sector IndusInd Bank has tied up with blockchain solution provider Ripple to enhance global payment transactions in and out of India. With this affiliation, Ripple can now provide instant access in emerging markets such as India, Brazil and China, IndusInd Bank said in a release. “IndusInd Bank which has significant interests in cross border remittances, plans to harness the power of blockchain technology for facilitating global payments,” it said. By joining Ripple, financial institutions are able to communicate information about a payment between each other and settle payments immediately, the lender said.

Source: Mint February 27, 2018 12:22 UTC