Leatherback, a London-based fintech founded in 2019 to focus on cross-border payments to Africa, has announced a strategic collaboration with India’s Yes Bank to streamline remittances and local cash payouts in India, The Paypers reports. The move enables Leatherback, one of the first firms to provide payouts in Indian rupees, to serve a growing audience of people traveling between Africa and Asia for work and leisure, according to the report. Africa is India’s third-largest trading partner, and India is a top destination for Africans seeking health care, which is driving demand for more seamless payouts through SendR, Leatherback’s platform, the report said. Leatherback has cross-border payment operations in Nigeria, Ethiopia, Canada, India, Pakistan, Nepal and Sri Lanka.
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