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CIMB, Ripple team up for instant cross border payments


Tengku Dato' Sri Zafrul Aziz, Group CEO of CIMB Group (right), and Brad Garlinghouse, Ripple CEO (left) commemorating the strategic collaboration between CIMB Group and Ripple to power instant payments across ASEAN at the Singapore FinTech festival 2018 recently.

Tengku Dato' Sri Zafrul Aziz, Group CEO of CIMB Group (right), and Brad Garlinghouse, Ripple CEO (left) commemorating the strategic collaboration between CIMB Group and Ripple to power instant payments across ASEAN at the Singapore FinTech festival 2018 recently.

KUALA LUMPUR: CIMB Group Bhd and blockchain developer Ripple have teamed up to enable instant cross border payments across its various markets. 

In a sjoint statement issued on Thursday, CIMB will join Ripple’s network (RippleNet), which will allow access to other RippleNet members. This will enable CIMB to grow its cross border payments business. 

Corporate News , Banking

   

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