Lynx Global’s DA 5 partners with FinFan to open an Australia-Vietnam-ODL corridor based on RippleNet

The number of cross-border payments made in real time has increased steadily over the past few months. And because that happened, it wouldn’t be wrong to say that RippleNet has become the leader in the field.

Direct Representative 5 Inc. (DA 5), a subsidiary of Lynx Global Digital Finance Corporation, notification opened the payment distribution channels directly serving the Synthetic Teamese market. This will be done with the help of FinFan, Synthetic Team’s largest global money transfer service provider, through API integration.

By providing world-class financial products to people worldwide, FinFan CEO Dr. Nguyen Tuyen identified a “critical” need for fast, real-time cross-border payments. In addition, Michael Penner, Chief Executive Officer of Lynx Global, confirmed that his company aims to become a recognized player in the remittance industry.

In fact, FinFan is the first neo-banking institution in Synthetic Team to use Ripple’s global financial payments network. A current press release:

“As part of RippleNet, which includes more than 300 financial institutions worldwide, FinFan, in combination with the partnership, has created a more transparent solution for minimized transaction fees on demand. Demand, with a real-time bridge between a multi-currency exchange.” , can be solved immediately in the target countries around the clock. ”

Yeoryios Markos, President of DA5 Australia added:

“In Australia, there is growing demand from the local Synthetic Teamese and Chinese communities to support our efforts, and now that the FinFan rails are open, we expect significant remittances and foreign exchange volumes.

Now DA5 and Lynx Pan-Global Network get global access to this FinFan infrastructure. When FinFan previously announced a partnership with Ripple, CEO Nguyen Tuyen said:

“FinFan gives birth to Synthetic Team’s Generation Z – the first fully digital generation – cross-border money is an experience. This demographic wants their financial experience to be seamless, efficient, and in line with their lifestyle preferences when sending money home to loved ones. ”

Ripple identified a “big opportunity” in the “cross-border, low-value flows” of small and medium-sized businesses, which typically include bill payments, payroll, payroll and e-commerce.

In addition to the Australia-Synthetic Team corridor mentioned above, it should be noted that RippleNet has actively expanded its services to new customers in the UK and Brazil via new ODL corridors. Companies like InstaReM and BeeTech, for example, have successfully built a bridge across the Atlantic with RippleNet.

As more companies partner with RippleNet, the number of new corridors for B2B payments and consumer transfers continues to grow. RippleNet has also successfully given these companies the opportunity to expand their customer base.

Annie

According to Ambcrypto

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