| | MAY 20228IN FOCUSFable FinTech, a leading global banking infrastructure company enabling SaaS-powered platforms for cross-border, corporate, trade, and FX transactions, on Wednesday announced its strategic partnership with XeOPAR, a one-touch cross-border payments and remittances startup for all. Fable Growth Suite (Retail) platform chosen by XeOPAR serves both inward and outward remittances. In addition, it helps payments providers grow revenue from existing and new customers, and improve profitability."Financial services companies are in a constant race to make remittances cheaper, more transparent, and quicker - as close to instant transfers as possible. For their customers, these efforts spell clarity and peace of mind. Our Growth Suite helps XeOPAR achieve this ground-up, furthering their inspired vision of making low-value remittances affordable", says Naushad Contractor, CEO of Fable FinTech.Fable prides itself on making white-labeled, highly configurable platforms that other fintechs and banking partners can use out-of-the-box. In XeOPAR's case, the platform allows them to choose exchange rates, transfer fees, tax limits, volume and velocity limits, as well as transaction purposes for the Full-Fledged Money Changer to service.XeOPAR is set to make the most of Fable Growth Suite (Retail) as it sets up its first P2P remittances corridor from the UK to India, among others in South East Asia, West Africa, and East Africa in addition to Europe, Singapore, US, and the Middle East. Fable's well-established network of integrations, intermediaries, and license & collection partners will allow XeOPAR to take the settlement time-sensitive remittances industry on a competent note."XeOPAR is out to shift remittances from being exclusive to high-income earners abroad or high net-worth individuals. We wish to serve the near 30 percent of the remittance customers who transact in volumes such as $500 per month or below. This is a largely under-serviced segment that amounts to $240 billion in remittances. Our vision is to create a reasonably-priced remittance service for them so they can send funds as often as they, without waiting for a large sum to accumulate", says Arvind Gupta, CEO of XeOPAR.Fable FinTech is proud to enter a strategic partnership with XeOPAR to power its resolve of serving FABLE FINTECH INKS STRATEGIC PARTNERSHIP WITH XEOPARBY CEO INSIGHTS TEAM
< Page 7 | Page 9 >