Standard Chartered, Axis Launch Payments Service With Ripple Tech

Standard Chartered, Axis Launch Payments Service With Ripple Tech

Financial institutions Standard Chartered and Axis Bank have announced a new cross-border payments platform built on top of technology developed by Ripple. Unveiled today, the platform – which will connect corporates between Singapore and India – will be accessible through Standard Chartered’s Straight2Bank system. According to SC’s release, the platform will allow users to see all fees up front, pre-validate transactions and thereby more quickly settle them. Reports in March indicated that multiple banks, including Standard Chartered, have plans to launch a similar system across several countries next year. Further, the bank was one of a number of institutions […]