MoneyMatch and Kuwait Finance House (KFH) today announced a strategic collaboration to provide cross-border payments for KFH’s customers.
This partnership marks MoneyMatch’s maiden entry to provide enterprise solutions via its newest product BankFX.
According to their press release Kuwait Finance House will be able to enjoy low-cost and simple cross-border transfers with 38 available currencies across 58 countries.
Their statement also seems to indicate that transactions done on BankFX rides on blockchain technology. In 2018 MoneyMatch completed their first trial with Ripple.
To celebrate the launch of this collaboration, KFH Malaysia customers will be entitled to a 100% service fee waiver promotion for all native-currency cross-border payments made via its physical branches nationwide. This offer is valid until 31 August 2019.
Source from Fintech News