American Express and Ripple at Money20/20 Europe: Changing the Cross-Border Payments Experience for SMEs
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Growth in the banking sector has skyrocketed: 80% of adults have a bank account in India, a figure that has more than doubled since 2011. India has also been the largest receiver of remittances over the last several years, with some $69 billion flowing into the country in 2017.
The data is clear. Indian financial institutions are a critical hub for both the citizens in their country and the greater global economy.
With this in mind, Ripple established a Mumbai office in 2017 and aggressively began partnering with financial institutions across the country to improve access to services for consumers and businesses, alike.
More here, https://ripple.com/insights/ripple-improves-access-india-kotak-mahindra-bank/