U.Today - With the new tooling, Indian expats in Bahrain will be able to pay their domestic utility bills in a streamlined manner. The services will be available in both a web interface and mobile applications.
Ripple users launch payment tool for Indian expats, community activist says
As noticed by WrathofKahneman, a pseudonymous community enthusiast of Ripple and XRP, two users of Ripple fintech decacorn rolled out a cross-border digital payment solution for Indian citizens staying in Bahrain.NPCI Bharat BillPay in collaboration with Ripple clients Federal Bank and Lulu Exchange announced the official mainnet launch of a cross-border inward payment bill service.
This launch is designed to allow non-residents of Bahrain to leverage digital payment services for payments in India. Previously, they had to rely on conventional payment methods.
Shalini Warrier, executive director of Federal Bank, is excited by the role and mission of the new service:
Payments with the new service can be made either in offices of LuLu Exchange or through its application for smartphone devices.
Here's why Ripple MAS approval is big deal
Noopur Chaturvedi, CEO of BharatPay is sure that the new product will be a breakthrough in terms of functionality and user experience for customers of all generations:As covered by U.Today previously, on June 22, 2023, Ripple accomplished a major milestone in its progress in Asia. It secured in-principle approval from the Monetary Authority of Singapore (MAS).
With this approval, it can deliver a wide range of services in Singapore to private and corporate customers.