IndusInd Bank and J.P. Morgan Payments are all set to enhance the outward remittance experience for IndusInd Bank customers so they can send payments in 123 currencies. Through the integration of J.P. Morgan Payments’ Xpedite solution, IndusInd Bank customers will be able to send funds directly in the beneficiary’s local currency, benefiting from best-in-class settlement capabilities that simplify the remittance journey and reduce the need for intermediary currency conversions.
The Xpedite solution uses the global network of J.P. Morgan Payments, provides automated currency rate feeds, and streamlines processing to make transfers faster and more efficient. Currently, customers can access this service at IndusInd Bank branches. Soon, the service will be available through online and mobile banking, enabling customers to initiate outward remittances anytime, 24/7.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
