Leatherback, a fintech company based in Nigeria, has teamed up with YES BANK, a commercial bank headquartered in Mumbai, to simplify remittances and Indian Rupee (INR) payouts within India.
Leatherback is the first Africa-focused fintech company to offer INR remittance payouts, catering to the increasing trend of Africans and Indians engaging in business opportunities across Africa and Asia. They utilize a multi-currency platform to facilitate cross-border transactions for individuals and businesses, with INR remittances available through their SendR solution.
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This collaboration will enable users of the Leatherback platform, including businesses and individuals such as international students, medical migrants, tourists, and others worldwide, to leverage YES BANK’s extensive market reach for seamless fund transfers to individuals and businesses in India, with instant withdrawal options in INR.
To facilitate transactions, users must furnish a valid Indian Financial System Code (IFSC), including SWIFT codes for USD and GBP payments.
Leatherback’s partnership aims to enhance financial, payment, and commerce solutions, removing barriers to global expansion and fostering opportunities in the Indian market. The collaboration acts as a bridge for economic growth and cultural exchange, empowering communities in India and Africa with improved financial access and connectivity.
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