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Fintech firm iPiD launches in India making cross border payments easy

India is the largest recipient of remittances and has a large market for cross border payments, iPiD’s entry into the market will offer Indians an easy solution to make those payments

Photo by Mika Baumeister / Unsplash

Singapore-based fintech firm iPiD, that enables users to make cross-border payments, anywhere in the world, using only a single piece of the recipient’s data, such as a phone number has been launched in India.

Since India is the largest recipient of remittances and has a large market for cross border payments, iPiD’s entry into the market will offer Indians an easy solution to make those payments and eliminate the margin of error in entering multiple codes (IFSC codes, BIC codes, etc.) that are otherwise a norm for cross border transactions.

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