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.
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.
