In brief: RippleNet powers CIMB bank’s instant cross-border payments

Ripple and Malaysia’s CIMB banking group have entered into a strategic collaboration to enable instant cross-border payments, leveraging on the former’s global payment network, RippleNet.

The partnership will expand the network of Speedsend – CIMB’s proprietary remittance product – to improve consumer access to cross-border remittances. The solution is now live on Speedsend, enabling remittances via new corridors such as Australia, USA, UK, and Hong Kong.

Source: Press release