Sign in

Guavapay Limited and Ripple

"We are proud to announce that Guavapay is officially a member of RippleNet, Ripple’s global payments network, to expand our international coverage. Leveraging RippleNet enables our customers to send and receive money instantly, reliably and cost-effectively"

Guavapay Limited is an Electronic Money Institution based in the UK and regulated by the Financial Conduct Authority (FCA). Guavapay specializes in cross border cash and digital payments to meet the customers needs for international transfers.  Vugar Mammadrzayev, the Head of Global Partnerships at Guavapay gives more details about the recently launched partnership with Ripple.  

-   Mr. Vugar, what are the main reasons why customers should choose Guavapay?

Guavapay provides its customers with a wide range of services. We provide our customers with the ability to execute their payments in 30+ local currencies, including GBP, EUR, and USD to 100+ countries. A self-onboarding process, online tracking through a web-based client portal, and money transfer on their behalf are just some of the services offered. Moreover, online customer support and FX dealing, competitive customized rate and fees (managed by the Guavapay Treasury Team) – are all provided in a web-based client platform 

-   Why is the partnership of Guavapay Limited Ripple so important? How will the sides benefit from this partnership?

We are very excited to be a member of RippleNet, Ripple’s global payment network that enables faster and lower cost payments. We hope this partnership will provide us with more opportunities to expand our network, as well as bring speed and transparency to a traditionally slow and opaque industry. Our primary goal is to touch the domestic payment systems in each country, allowing receivers to accept money in their bank account. Thanks to RippleNet we launched a bank account payment service in Thai Baht connecting with one of the leading banks in Thailand, Siam Commercial Bank. 

What are customers’ benefit from this partnership?

This partnership will provide Guavapay customers with speed and convenience - offering an instant and affordable solution to complete bank account payments in THB. After launching our first successful connection over RippleNet with SCB, our next project has already started as we look to add more partners, ultimately providing our customers with first in class service, competitive FX rates and cost-effective solutions to move money around the world.

Related content

Easy integration with Guavapay
The rise in digital payments enhances customer expectations from E-commerce checkouts and payment acceptance services. There are more ways for consumers to shop and buy than ever before, including, for example, in-person online payments or digital wallets. Businesses try to unify diverse services in one solution so the customer wouldn’t have the need to run for a competitive store with better payment offerings or leave the checkout process unfinished. As a result, businesses need all of these different payment methods to work seamlessly together to increase the conversation rate and provide customers with a frictionless payment experience. And it’s here when such a system as API comes on a help.
Read more
Guavapay and UnionPay Partnership
We are glad to announce that Guavapay has become the principal member of UnionPay International. The cooperation between Guavapay and UnionPay International is carried out in 3 directions. Guavapay is the principal member of UnionPay International
Read more
Business recovery in the post-pandemic world
COVID-19 impacted all businesses around the world and caused drastic changes in the way businesses are led. Pervasive restrictions and lockdowns have forced businesses to search for new ways to survive during this most unprecedented time in our lives. The necessity to adapt to new realities encourages businesses to search for ways to transform in order to cope with distressing situations and still be able to make ends meet. However, Fintechs seem to not only survive but thrive in these torrid conditions. Businesses have continued to grow and have been pivotal in towing national economies forward in the midst of this quicksand of a pandemic trying to drag them down.
Read more