Ripple expands to India

Ripple yesterday announced that it had successfully expanded its operations to India by opening up an office in Mumbai. The new office will be directed by Navin Gupta.

“India is transforming itself into a digital economy and is an innovative leader in payments. Our new office in Mumbai, led by Navin, will allow us to respond to the rapidly-growing demand for frictionless payments by our current customers, Axis Bank and YES Bank, as well as other bank and non-banks across the country,” said Ripple CEO Brad Garlinghouse.