HUMBL, a US fintech that delivers mobile payments and financial services, announced on Friday it has formed a new partnership with India’s payment service Digital India Payments Limited to help with its expansion into the country’s market. HUMBL describes itself as a mobile, financial services company that financial products, including HUMBL mobile app, HUMBL Mobile Pay, HUMBL POS Tablets, and HUMBL Hubs agent locations. The company has a growing presence in the Asia Pacific, Latin America, the Caribbean, Africa, the Middle East, and Oceania.
According to HUMBL, Digital India Payments processes millions of dollars per day in both financial and retail transactions across 30,000 merchant locations throughout India, with extensions into Nepal, Bangladesh, Maldives, Myanmar, and Sri Lanka. Speaking about the collaboration, Hari Prasath, Managing Director of Digital India Payments, stated:
“HUMBL is doing to global financial services what UBER did to the local taxi markets. Delivering high quality financial services by pairing local consumers and merchants together through mobile technology, anywhere in the world. Our younger Indian customers don’t want to visit multiple service branches to wait in long lines, pay expensive fees and highly variable rates. HUMBL gives them mobile financial services – faster, cheaper and in nearby locations.”
HUMBL further added that it will also be working with DIPL in support of globally innovative “Smart Grid” India government programs, which use biometric identifiers – like facial recognition or thumbprints – to help Indian customers with simplified banking, financial and government services at local HUMBL Hubs.
Source: Crowdfund Insider