LuLu Exchange Partners Global Fintech Ripple and Federal Bank to Enhance Real-Time Payments from UAE to India
The
LuLu Exchange in the United Arab Emirates (UAE) has confirmed that they’re teaming up with American Fintech Ripple (which is the subject of a major enforcement action from the US SEC) and Federal Bank in order to enhance real-time payments capabilities from the UAE to India.
We are proud to announce our partnership with Ripple and Federal Bank to enhance real-time payments from UAE to India that are faster and more affordable than ever before. Step into any of our 76 branches in the UAE or call 600 5222 04 to know more. #ripple#luluexchange@Ripplepic.twitter.com/VoCcycce92
December 17, 2020 @ 12:27 am By Omar Faridi
Fintech is expected to play an important role in Saudi Arabia’s efforts to further diversify its economy, according to commentary from the nation’s Budget 2021 report.
Padmini Gupta from Fintech Rise notes in an update published by Arab News that sustained support this year from the Saudi Central Bank (previously called Saudi Arabian Monetary Authority or SAMA) has led to a dramatic increase in the number of Fintechs based in the Middle Eastern country.
Gupta, the Co-Founder and CEO at remittances focused Fintech Rise, points out that startups in the Kingdom are now serving a key role in expanding the economy.
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