Xendpay payment gateway that provides ‘Pay What You Want services’ is ready to further expand its initiative and help millions of people get more when transferring their funds abroad. This is possible thanks to a partnership with Ripple. The RippleNet solution has helped its service to expand into the Southeast Asia market.
According to Bhavin Vaghela, the head of the Xendpay product innovation department, the main customer base is made up of migrants who send money home, as well as students who need paying for tuition and small online businesses to be made easier.
If an online service had to work with banks previously, then using Ripple tech, Xendpay has allowed itself to cut large fees for transfers and convert money in real-time.
“Previously we had to create a whole business case for each partner. RippleNet reduces that complication and friction. There’s a built-in trust factor, which allows us to get to market quicker. We were unable to offer currencies like Malaysian Ringgit or Bangladeshi Taka before.” said Vaghela.
At the same time, it’s no matter what time the client decided to make the payment. If you need to transfer at midnight, then there are no barriers to this, no matter where you are.
The payment gateway Xendpay entered into a partnership with Ripple in May this year. The service already provides services in Western Europe, the USA, Africa, and Southeast Asia. It continues to develop further and conquer the vastness of the globe thanks to the RippleNet.
How it is convenient to transfer money now depends on technology. Ripple tech is the most successful solution with the rapid growth of the online payment market.