Fintech start-up Ribbon has teamed up with Tribe Payments, a provider of digital payments infrastructure, to launch its financial services super-app in the UK, aimed specifically at the Indian community residing there.
Founded in 2020 by Suchit Punnose and Ashesh Jani, who previously headed ICICI Bank, Ribbon offers a versatile app that includes multi-currency accounts and swift money transfer options to India and other countries.
To enhance its services, Ribbon is using Tribe’s advanced issuer processing technology, along with tools like the Risk Monitor platform and a 3D Secure solution to ensure that card transactions are analyzed in real-time, helping to thwart fraud during online payments.
The app officially launched in the UK at the end of October, building on a successful rollout in Gibraltar earlier this year, where the company had also implemented Tribe’s technology.
Looking ahead, Ribbon plans to expand its services further by introducing digital business accounts, with a waitlist now available on its website for interested users.
“Our launch in the UK fulfills our long-time vision of making it seamless for individuals to send money to their loved ones across the globe,” stated CEO Ashesh Jani, highlighting Tribe’s critical role in bringing their services to market.
