Kotak Mahindra Bank, India’s fourth largest private sector lender, has tapped Earthport to provide cross-border payment capabilities to customers in select markets.
Under the alliance, the bank will get cross-border payment capabilities across all transaction types between India and the US, UK, Europe, Canada and Singapore.
Go deeper with GlobalData
Kotak Mahindra Bank president for corporate, institutional & investment banking KVS Manian said: “We are witnessing increasing demand from our customers, which is why we are continuing to expand our cross-border payment capabilities in select global markets. We are confident that Earthport’s services will complement our offerings and further strengthen our capabilities in serving our clients.”
The vendor said that it supports secure and cost-effective payments through a single contract, technical integration and service relationship.
Earthport CEO Hank Uberoi added: “This relationship increases our presence in Asia while further cementing Earthport’s position as the number one provider for cross-border payments.”
Currently, Kotak Mahindra Bank has a branch network of 1,362 across 689 locations along with 2,173 ATMs.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
