IndusInd Bank has partnered with J.P. Morgan Payments to expand outward remittance coverage to 123 currencies, using the Xpedite solution to support direct settlement in beneficiaries’ local currencies.
IndusInd Bank announced a collaboration with J.P. Morgan Payments to enhance its outward remittance offering. Through J.P. Morgan Payments’ Xpedite solution, customers can send funds in 123 currencies, with settlement directly in the beneficiary’s local currency.
The bank says the arrangement is designed to reduce the need for intermediary currency conversions and simplify cross-border payment processing. The solution uses J.P. Morgan Payments’ global network and automated foreign-exchange rate feeds.
The service is currently available through IndusInd Bank branches. The bank has said it plans to make the facility available through internet and mobile banking, enabling customers to initiate outward remittances digitally.
The partnership reflects continued investment by Indian banks in cross-border payment capabilities for individuals and businesses with international payment needs.
Primary source — IndusInd Bank announcement, 6 November 2026: Read original report / announcement
Additional coverage — Business Standard, 6 November 2026: Read original report / announcement
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