IBNS-CMEDIA: IndusInd Bank and J.P. Morgan Payments will 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.
Ganesh Sankaran, Executive Director, IndusInd Bank, said, “Our customers are increasingly engaging with global markets, making simpler and more seamless international payments an important priority for us. By collaborating with J.P. Morgan Payments, we are strengthening our cross-border payments capabilities, expanding access to 123 currencies and enabling direct local-currency settlements. This enhances the remittance experience for our customers while reinforcing our commitment to building a more connected, convenient and future-ready banking experience.”
Guhaprasath Rajagopal, Head of India Payments, J.P. Morgan Payments, said, “Through J.P. Morgan Payments’ Xpedite solution, we will deliver an integrated cross-border payments experience for IndusInd Bank customers. By combining our global platform with local expertise, we serve as a trusted correspondent bank for cross-border solutions, enabling customers to move money faster and more safely.”
