LuLu Exchange is happy to announce our new partnership with Federal Bank and Ripple – offering the enterprise blockchain solution for global payments to enhance real-time transactions made into the Indian corridor. With the UAE being the top source of remittances for India, the partnership will enable cross-border transactions made via LuLu Exchange’s 76 branches in the UAE, as well as the LuLu Money payments app, to benefit from Ripple’s global financial network RippleNet. RippleNet enables customers to process cross-border payments instantly, reliably, cost-effectively, and with end-to-end visibility across the globe.
Speaking about the partnership, Mr. Adeeb Ahamed, MD, LuLu Financial Group, said, “The partnership signals a major step towards strengthening our Indian corridor, all the while advancing our overall mission to design the world’s most reliable, seamless, and accessible financial journeys through collaborative partnerships and application of technology.”
The association is expected to bring more customer friendly services. We believe this association will be a stepping stone for many more beautiful associations to come and will benefit all our customers.