Ripple Is Expanding To India

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Navin Gupta to lead Operations in India

_{(Source - Cryptocoinsnews.com)}

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Ripple, a major FinTech Payments Company based in San Francisco is expanding to India by opening a new office in Mumbai, India´s business capital. In an official announcement the company revealed that the former banking executive Navin Gupta will lead the local operations.

It might just be about the right time for Ripple to take this step into the Indian market as the country is known to undergo a digital transformation at the time. Therefore the technologies and Cryptocurrencies entering and targeting this market first are eventually more likely to evolve to one of the main players.

Especially as the Government is working hard on a "Cashless India" there might be no better time for Ripple than right now to conquer the Indian market after already successfully signing up two Indian private banks as Customers last year. Just like Gupta states it himself, Ripple might bring payment services to everyone:

"India is the largest recipient of corporate and retail remittances worldwide, totaling close to $71 billion… Ripple’s instant, cost-effective (...) payments can be a transformative component of India’s economy, helping bring the many who have limited access to payment services into the fold."

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