Tuesday, October 27, 2020

Ripple News: MoneyMatch Joins RippleNet to Improve International Payments in Malaysia

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Malaysian cross-border transfer service MoneyMatch provides the country’s small and medium-sized enterprises (SMEs) with a same-day, low-cost way to pay global suppliers. RippleNet connects the company to financial institutions and payment providers in more than 100 countries, so it can offer better rates and faster transaction times than Malaysia’s traditional financial institutions.

The ease of integrating with global partners has helped MoneyMatch reduce its operational costs by as much as 40% and the company has passed many of these savings onto its customers. RippleNet partnerships also helped MoneyMatch offer customers same-day settlements instead of the typical multi-day process.

“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.”
Adrian Yap, CEO and Co-founder at MoneyMatch

Ripple connects banks and payment providers via RippleNet to provide one frictionless experience for sending and receiving money globally using the power of blockchain.

By joining Ripple’s growing global network, banks and payment providers can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Customers can use the digital asset XRP to further reduce their costs and access new markets.

With offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg, Ripple has more than 200 customers around the world.

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