trending Market Intelligence /marketintelligence/en/news-insights/trending/y1oyju3lpqwwvac7tvc4hq2 content esgSubNav
In This List

TransferGo, Ripple partner for instant money transfers

Video

S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Gaining a Competitive Advantage with ESG Data for Student-Managed Investment Funds


TransferGo, Ripple partner for instant money transfers

U.K.-based TransferGo Ltd. has partnered with Ripple Labs Inc. to launch money transfer service TransferGo NOW, Finextra reported Sept. 5.

Using Ripple's blockchain network, the money transfer service allows customers to make real-time money transfers to India from anywhere in Europe. Ripple is an alternative to a number of "slow" incumbent communications systems such as Swift, according to TransferGo.

TransferGo is also launching free money transfers between Europe and India, powered by the Ripple blockchain. The service has a delivery of two to three business days with zero fees and a mid-market rate.