Leatherback, Yes Bank forge alliance to enhance remittances and INR payouts in India

This landmark collaboration promises to usher in a new era of seamless fund transfers for businesses and individuals globally, tapping into YES BANK’s extensive market reach to facilitate swift withdrawals in INR

PRAVASISAMWAD.COM

In a strategic move set to redefine cross-border financial transactions, Nigerian fintech powerhouse, Leatherback, has joined forces with Mumbai-based commercial bank, YES BANK, to revolutionize remittance and Indian Rupee (INR) payouts within India. This landmark collaboration promises to usher in a new era of seamless fund transfers for businesses and individuals globally, tapping into YES BANK’s extensive market reach to facilitate swift withdrawals in INR.

As India solidifies its position as a prime destination for medical tourism and trade, Leatherback and Yes Bank’s collaboration promises to unlock boundless opportunities, propelling economic empowerment and fostering stronger ties across borders

Pioneering the initiative, Leatherback emerges as the first Africa-focused fintech company to offer INR remittance payouts, aligning with the surging trend of Africans and Indians exploring business prospects across continents. Leveraging its multi-currency platform, Leatherback streamlines cross-border transactions for a diverse range of users, including international students, medical migrants, tourists, and businesses.

Under the umbrella of its remittance solution, SendR, Leatherback enables users to access INR remittances and payouts, requiring only a valid Indian Financial System Code (IFSC) to complete transactions. Headquartered in London and regulated across multiple jurisdictions, the company boasts a substantial user base, serving individuals and businesses spanning over 20 countries with access to 15 currencies.

Ibrahim Toyeeb Ibitade, CEO of Leatherback, underscores the significance of this partnership, highlighting India’s pivotal role in their global mission to facilitate seamless money movement. This collaboration not only amplifies Leatherback’s commitment to delivering top-tier financial solutions but also serves as a catalyst for fostering economic growth and cultural exchange between India and Africa.

Against the backdrop of burgeoning trade ties between India and African nations, this alliance emerges as a pivotal bridge, empowering communities on both ends with enhanced financial access and connectivity. As India solidifies its position as a prime destination for medical tourism and trade, Leatherback and YES BANK’s collaboration promises to unlock boundless opportunities, propelling economic empowerment and fostering stronger ties across borders.

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