Corporations can now pay individuals quickly in India using low-cost bank transfers, in local INR currency.
VANCOUVER, May 14, 2014 /PRNewswire/ - hyperWALLET Systems Inc., a global payments provider, offers advanced payment solutions for corporations with global payment needs. hyperWALLET has recently launched payment services to India, providing corporations with a fast, low-cost method of making payments via direct-to-bank money transfers in local currency.
Traditionally, making payments to India can be a challenging process for many companies due to the country's strict regulatory environment. hyperWALLET has solved this problem by enabling corporates to make fully-compliant, low-cost electronic payments to Indian bank accounts in INR currency, typically within 1-2 business days.
With the addition of payments to India, hyperWALLET continues to enhance their global payment platform and expand their global payments footprint. hyperWALLET's payment platform enables companies and individuals to receive and manage their funds using a variety of options including online e-wallets, bank deposit, prepaid cards, cash pickup, via mobile phone and more.
"India, with its diverse population of over 1 billion people and highly regulated banking environment, has historically been a difficult payment destination for many global corporations that need to pay individuals in-country", states Mike Monty, VP of Financial Networks at hyperWALLET.
"We continue to expand our payments network and develop new payment solutions to meet the global needs of our clients and their payees. By offering direct-to-bank payment services to India, making low-cost and efficient payments into the Indian subcontinent is now a reality for corporations and their payees worldwide."
hyperWALLET delivers secure, global-grade payment technologies to organizations who require a simplified way to access or leverage the global financial network. Since 2000, we have become a leading provider of online and mobile payment, international payments, card products and financial technology solutions to world-class customers in Canada, the U.S. and internationally. With hundreds of customers (including more than 200 credit unions) that touch millions of users, our clients span numerous sectors including financial services, business and government.
SOURCE hyperWALLET Systems Inc.