Ribbon launches financial services super-app for Indian diaspora in UK with Tribe Payments
Fintech start-up Ribbon has partnered with digital payments infrastructure provider Tribe Payments to power the UK launch of its financial services super-app catering to the country’s Indian diaspora.
Founded by Suchit Punnose and former ICICI Bank head Ashesh Jani in 2020, Ribbon operates a multi-purpose app offering multi-currency accounts and instant transfer services to India and other countries.
The company is leveraging Tribe’s issuer processing tech alongside its Risk Monitor platform and 3D Secure (3DS) solution to assess card transactions in real time and prevent fraud in online payments.
The company launched its app in the UK at the end of October having previously embraced Tribe’s technology to go live in Gibraltar earlier this year.
Ribbon is also set to add to its offering by rolling out digital business accounts, a waitlist for which has now been launched via its website.
“Our UK launch is the realisation of a long-held ambition to make it as easy as possible for people to send money to family and friends across the world,” comments CEO Jani, adding that Tribe has “been integral in getting our proposition off the ground”.