[2017-04-27] ET: Google-backed payment company Ripple in talks with NPCI, banks

[polynesia]

Google-backed payment company Ripple in talks with NPCI, banks for account-to-account transfers globally

http://economictimes.indiatimes.com/industry/banking/finance/banking/google-backed-payment-company-ripple-in-talks-with-npci-banks-for-account-to-account-transfers-globally/articleshow/58393329.cms

Google-backed payment company Ripple is in talks with banks in India and the National Payments Corporation of India (NPCI) to facilitate account-to-account transfers globally, without having to be part of any payment network.

Axis Bank and Yes Bank are the first Indian banks to come on board Ripple, which already has 75 customers globally.

Unlike Swift -a messaging platform which is the dominant medium for global payments -Ripple is a messaging as well as a settlement platform. It facilitates account to account transfers across the world for banks and non-banks.

[Bitwah]

I am in close and touch with AVP of NPCI. They just pitched and rest is PR.