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Over the years, the San Francisco-based blockchain company ripple has made several partnerships with many different companies from all over the world.
This week, the company started yet another partnership with the leading digital banking and payments company Novatti. The reason for this collaboration is to track growth in Southeast Asia.
According to the announcement, this partnership will help customers of Novatti to access the services that Ripple provides.
When it comes to the remittance industry, ripple is 100% the leader of the sector. By using distributed ledger technology, cheap, fast and easy payments can be made and are being utilised by more than 300 financial service companies globally.
At first, this new collaboration will help with facilitating cross-border payments from Australia to Southeast Asia.
As the top digital payments business in Australia, Novatti provides numerous services including fintech and automated billing. Through the services, companies are allowed to have fast and secure payment processing.
At some time in the future, Novatti could be processing cross-border payments from other regions into Australia as well. Peter Crook, managing director of Novatti has commented on the new partnership saying:
“Novatti is incredibly excited to partner with Ripple, who are rapidly disrupting the global payments industry.
This partnership will further increase Novatti’s competitiveness and provide our customers with access to new, innovative payment solutions.
In particular, we look forward to working with Ripple to provide our customers with access to their exciting alternative financing solutions, so that our customers can free-up capital to focus on growing their businesses.”
Article produced by Adrian Barkley
