Wise Payments plans to relaunch Indian customer sign-ups for overseas remittances, targeting a $32bn market.

London-based Wise Payments, a fintech firm, plans to restart signing up Indian customers for overseas remittances in the coming months, seeking a larger share of the $32bn market. Wise received a license from the Reserve Bank of India to allow its users to send more money overseas, and intends to upgrade its backend processes to comply with tax and reporting rules. India's retail digital payments market is forecast to reach $7 trillion by 2030.

August 12, 2024
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