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Adrian Yap, CEO and Co-founder at MoneyMatch has said his firm received a major boost after joining RippleNet.
The CEO made this submission in a video shared by Ripple, noting that the remittance got a lot of support from the Sans Francisco software enterprise firm.
Adrian said MoneyMatch makes use of other remittance services like SWIFT, but faces challenges like delay in transition time while using the platform.
He said SWIFT perfects payment within two days, which many customers do not appreciate. However, Ripple’s remittance solution perfects payment in a very short time.
MoenyMatch says it is easily connecting great partners across the globe through RippleNet, thereby reducing their operational costs. He said the company passed the savings accruing from
He said: “After joining RippleNet, we became a credible partner for financial institutions all over the world. That helped us cut transfer costs by as much as 40% and settle cross-border payments in just a few hours.”
MoneyMatch is offering cross-border transfer service to Malaysian small and medium-sized enterprises (SMEs).
The payment transfer through Ripple’s outstanding network is achieved same-day at a low cost compared to what is obtained globally.
RippleNet has a global connection with financial institutions and payment providers in over a hundred countries, with many of them largely depending on Ripple’s unmatched services to satisfy customers.
Ripple’s fast network of firms across the world has been giving several traditional money transfer providers headache considering that the RippleNet tools also make use of XPR, a token designed for cross-border remittance.