27 October 2016
Find out more

HyperWallet launches direct-to-bank money transfers to India

14 May 2014  |  1395 views  |  0 Source: hyperWallet

hyperWALLET has recently launched payment services to India, providing corporations with a fast, low-cost method of making payments via direct-to-bank money transfers in local currency.

Traditionally, making payments to India can be a challenging process for many companies due to the country's strict regulatory environment. hyperWALLET has solved this problem by enabling corporates to make fully-compliant, low-cost electronic payments to Indian bank accounts in INR currency, typically within 1-2 business days.

With the addition of payments to India, hyperWALLET continues to enhance their global payment platform and expand their global payments footprint. hyperWALLET's payment platform enables companies and individuals to receive and manage their funds using a variety of options including online e-wallets, bank deposit, prepaid cards, cash pickup, via mobile phone and more.

"India, with its diverse population of over 1 billion people and highly regulated banking environment, has historically been a difficult payment destination for many global corporations that need to pay individuals in-country", states Mike Monty, VP of Financial Networks at hyperWALLET.

"We continue to expand our payments network and develop new payment solutions to meet the global needs of our clients and their payees. By offering direct-to-bank payment services to India, making low-cost and efficient payments into the Indian subcontinent is now a reality for corporations and their payees worldwide."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.i2cinc.comFind out morehttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
9105 views comments | 34 tweets | 38 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8860 views comments
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
8438 views comments | 26 tweets | 29 linkedin
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
8136 views comments | 12 tweets | 27 linkedin
China emerges as fintech powerhouse as UK dominance weakensChina emerges as fintech powerhouse as UK...
7609 views comments | 31 tweets | 27 linkedin

Featured job

Basic £100-120K plus significant MBO and quota Bon...
London based with substantial international travel

Find your next job