Revolutionising money transfers in India
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May 20, 2014
Revolutionising money transfers in India

hyperWALLET is bringing its services to India, offering companies fast and low-cost payment methods via direct-to-bank money transfers. By complying with India's strict regulations regarding in-country transfers, the service could revolutionise the way people make payments.

"India, with its diverse population of over 1 billion people and highly regulated banking environment, has historically been a difficult payment destination for many global corporations that need to pay individuals in-country," says Mike Monty, VP of Financial Networks at hyperWALLET. And it's the fast and convenient nature of the service that could make it a success, as it allows people to receive and manage their funds using a variety of platforms, including online e-wallets, bank deposits, prepaid cards, cash pickup and via mobile phone.