Walmart 2 world, MoneyGram & Ripple Connection MoneyGram, a global provider of money transfer and payments services, has partnered with Earthport
MoneyGram Teams Up With Earthport To Use Ripple Tech for Remittances to Romania
Ripple Labs and Earthport Announce Global Partnership
.Earthport, an Internet payment infrastructure provider headquartered in London, uses the Ripple Consensus Ledger to enable faster, cheaper and more transparent cross-border payments.
.The firm, which already has relationships with large global banks including Bank of America Merrill Lynch, HSBC, Standard Chartered, Japan Post Bank, has “many, many more in the pipeline,” Uberoi said.
McKinsey&Company estimates that annual global payments revenues will increase at a relatively stable rate of 6% during the next five years, exceeding US$2 trillion by 2023.
One of the major centers of growth has been the Asia Pacific region (APAC). In 2014, APAC generated US$75 billion in payments revenues and accounted for about 55% of the industry’s revenue growth worldwide.
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