#BankDhofar, the second largest bank in #Oman, joined the #RippleNet network. The bank will contact Indian bank #IndusInd Bank for real-time payments via RippleNet.
According to the announcement, BankDhofar customers will be able to transfer money to India up to 1000 Rial, or approximately $ 2,600, using the bank's application.
The statement highlighted India as the world's top remittance country, Abu Baker Karim Al Balushi, head of digital banking at BankDhofar, said: “This service will enable BankDhofar to be in a leading position to offer a range of new products and instant payment services. We plan to expand the service to other countries around the world. " said. "Ripple is excited to partner with BankDhofar and IndusInd Bank to make the cross-border payment experience from Oman to India easier, cheaper and more reliable with Blockchain technology," said Navin Gupta, Ripple's manager for South Asia and the MENA region. " He spoke in the form.
Ripple partnered last week with Egypt's largest bank, the National Bank of Egypt, which also joined the RippleNet network.