DeeMoney partners with Ripple for cross-border money transfer

Thursday 19 March 2020 14:39 CET | News

DeeMoney, a Thailand-based fintech company, has announced that its platform is now processing live transactions, in partnership with Ripple.

DeeMoney is currently using RippleNet, Ripple’s financial payments network, to process inbound payments into Thailand, namely between the remittance corridors from South Korea, Indonesia, Singapore, Israel as well as the Middle East and Gulf regions. 

For the second phase of implementation, DeeMoney will leverage RippleNet to facilitate outbound transfers from Thailand and determine a partner in destination countries for payouts. 

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Keywords: DeeMoney, Ripple, cross-border payments, money transfer, partnership, transactions , fintech, Thailand, payouts
Categories: Payments & Commerce
Countries: Thailand
This article is part of category

Payments & Commerce