Leatherback Partners With YES BANK to Simplify Remittance Payout in India
2 min read
Leatherback, a cross-border payment platform that simplifies cross-border payments for Africans, has partnered with YES BANK, an Indian bank, to simplify remittance and INR payouts in India.
As part of their collaboration, Leatherback and YES BANK intend to serve as the bridge for facilitating economic growth and cultural exchange, enabling communities in both India and Africa via improved financial access and connectivity.
The collaboration will let businesses and individuals, such as international students, medical migrants, tourists, and other users globally on the Leatherback platform, leverage YES BANK’s market reach to seamlessly send funds to individuals and businesses in India, which can instantly be withdrawn in INR.
With this collaboration, Leatherback becomes one of the first Africa-focused financial technology companies to provide INR remittance payouts, serving the growing trend of Africans and Indians discovering business and lifestyle opportunities on both the African and Asian continents.
According to Leatherback’s officials, the collaboration with YES BANK supports the connection between global participants to emerging opportunities in India. Also, the partnership will assist Leatherback’s commitment to simplifying money transfers around the world and enabling additional opportunities in the market with improved payment solutions.
With its operations based in the UK, Leatherback is regulated in its home country Nigeria, as well as Ethiopia, Canada, India, Pakistan, Nepal, and Sri Lanka, allowing the platform to serve customers across a wide range of markets. Currently, it has more than 30,000 customers utilizing the platform to support business and lifestyle opportunities daily.
Leatherback provides a single access point that empowers individuals and businesses to be truly global. The platform does this by building best-in-class financial, payment, and commerce solutions that remove barriers to global growth and mobility for all citizens of the world.
At Leatherback, the company is on a global mission to become the number one trusted partner, creating opportunities for everyone from individuals and SMEs to big businesses.
