The new equipment would make it easier for Indian expats in Bahrain to pay their domestic electricity bills. Both mobile applications and a web interface will be accessible for the services.
Ripple users launch payment tool for Indian expats, community activist says
Two users of the Ripple fintech decacorn built developed a cross-border digital payment solution for Indian people residing in Bahrain, as noted by WrathofKahneman, a pseudonymous community fan of Ripple and XRP.
NPCI Bharat BillPay announced the formal mainnet launch of a cross-border inbound payment bill service in association with Ripple customers Federal Bank and Lulu Exchange.
With this introduction, non-Bahrainians will be able to use digital payment platforms to make payments in India. They had to use traditional payment methods in the past.
The new service’s function and goal excite Shalini Warrier, executive director of Federal Bank:
We think the recipients would be delighted by this direct bill payment option because it makes paying bills easy, safe, and seamless.
The new service allows users to make payments either in-person at LuLu Exchange locations or online using its mobile app.
Here’s why Ripple MAS approval is big deal
The new product, according to BharatPay CEO Noopur Chaturvedi, would be revolutionary in terms of usability and usefulness for users of all ages:
With the introduction of this service, we hope to make bill payment simple and convenient for non-resident Indians using our BBPS platform.
As previously reported by U.Today, Ripple reached a significant milestone in its expansion in Asia on June 22, 2023. The Monetary Authority of Singapore (MAS) granted it in-principle approval.
With this accreditation, it is able to offer a variety of services to both individual and business clients in Singapore.
