RippleNet Cloud Expands With New Partnership

Recognizing a need to enhance the cross-border payments experience in one of the biggest remittance corridors in the world, LuLu Exchange, a leading Abu Dhabi-based financial services provider partnered with leading Indian private sector financial institution Federal Bank.

Through RippleNet Cloud, cross-border transactions into India made through LuLu Exchange’s 76 branches in the UAE and the LuLu Money mobile payments app are faster and more reliable.

“Our long-standing association with Ripple has opened up plenty of avenues for us to solidify our presence in existing and new corridors, and the latest partnership is a step forward in providing our customers the best possible experience for their payment needs to India,” said Adeeb Ahamed, LuLu Financial Group Managing Director.

Taeknizon, a private cloud service provider in the Middle East and Asia, was selected by LuLu International Exchange, a top three financial services provider in the UAE, to transform its operations and migrate critical IT infrastructure and applications to the cloud.