The launch is starting small, but more of Tide’s payment and business services will be rollout out in the coming months and years, including a Business Savings and Current Account in partnership with a local bank, Fund Transfer, Invoicing, and Credit services.
The announcement of the Business Account rollout was enabled through a partnership with Transcorp International, a 27-year-old Indian Bank that's regulated by the Royal Bank of India.
Tide has stated that it will be making a GBP 100 million investment in India, creating 1,000 jobs over the next five years and establishing it as the fintech’s first market for major international expansion.
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