- KwikPaisa, which is owned by a start-up firm called Jangra Corporation, has been brought to market in India as a new cross-border payments platform powered by blockchain.
- The platform will also be a digital banking service, giving people the chance to make instant and safe payments across the globe – and it will accept more than 90 major global currencies.
- “We have felt that enabling frictionless transactions is a major problem and nobody seems to be doing it right. We decided to tackle it ourselves,” said a spokesperson for KwikPaisa.
A new online money transfer platform has been launched in a major Asian market.
KwikPaisa, which is owned by a start-up firm called Jangra Corporation, has been brought to market in India.
The blockchain-based digital banking service will allow users to make instant and safe payments across the globe.
The brand will include a multiple currency account that is designed to allow users to make transactions in more than 90 different currencies.
It is expected that clients will be able to bring down the cost of sending money by keeping various different currencies in one single account and then processing the transaction in the currency of their choosing.
There will also be a business-to-business element to the move.
It is expected that the company will give merchants the opportunity to access international trading markets and build their customer base.
“Our mission is to help online merchants succeed by giving them data-science superpowers,” said a spokesperson for the firm.
“We have felt that enabling frictionless transactions is a major problem and nobody seems to be doing it right. We decided to tackle it ourselves.”
KwikPaisa is currently being beta tested, and will launch as a full service in the next few months, according to reports.
The international money transfer sector continues to grow and develop with innovation such as this taking place. To learn more about it, just head over to our money transfer reviews section – and then make a decision about which platform might be right for your needs
