Spanish banking giant Santander is bringing its Ripple-powered payment solution to Mexico this year.
Revealing the news in a Form 20-F filed with the U.S. Securities and Exchange Commission earlier this month, Santander said the solution, One Pay FX, will be coming to Mexico “in early 2020.”
Initially launched in 2018, One Pay FX is a money transfer solution and leverages RippleNet (formerly xCurrent) to settle cross-border transactions. It does not use XRP.
Santander said the solution offers transparency, “competitive cost” and better speed, improving the overall customer experience.
One Pay FX is currently available for Santander’s customers in six countries – Spain, the U.K., Brazil, Poland, Portugal and Chile, per the Form 20-F. Santander once said the solution will be launched in all of its markets.
Ripple is backed by Santander’s capital arm InnoVentures, which invested $4 million in Ripple’s $32 million series A funding in 2015.
more recommended stories
Michelle Fridman says equal marriage in Yucatan would be beneficial for Tourism
The head of the Tourism Development.
SSY supports the request of doctors to conclude vaccination of Health personnel
Mérida, Yucatán, (February 27, 2021).- The.
Beach closed due to shark sighting in Quintana Roo
The black flag is until further.
60 South Street to be named after Armando Manzanero
Merida’s City Council unanimously approves the.
The Superior Audit Office of the Federation is AMLO’s new enemy.
Morena and its allies in the.
New COVID-19 variant found in Mexico: it is present in 80% of cases and has increased transmission.
The INDRE’s Technological Development and Molecular.
Morena ‘pulls’ Félix Salgado Macedonio’s candidacy after allegations of rape and sexual abuse.
AMLO’s party Morena, had endorsed Salgado.
Pemex’s multi-billion dollar losses soar 38% in 2020
According to the company’s financial report,.
Rabies Vaccination Campaign in Progreso, Yuc.
Progreso, Yucatán (February 26, 2021).- This.
Poland opens murder investigation into fate of 2 Polish nationals in Mexico
WARSAW, Poland (Thu, February 25, 2021).