1st September 2023, Kathmandu
Nepali Fintech Achieves Milestone: Xuno’s Borderless Cross-Border Payment Solution Goes Global. 20+ Years of Dedication culminate in Beta Launch, Revolutionizing Cross-Border Banking
A groundbreaking achievement for the Nepali fintech industry has emerged as Xuno, a pioneer in financial technology, launches its revolutionary cross-border payment solution on a global scale.
Nepali Fintech Milestone
This remarkable accomplishment, realized after over two decades of hard work, marks a moment of pride for Nepali fintech and heralds exciting news for the global cross-border payment landscape.
A Moment of Triumph:
In an inspiring journey that spanned more than 20 years, Xuno has successfully unveiled its beta version to the world. The foundation for borderless banking, meticulously developed by Xuno, is now live for the world to witness.
The occasion was marked by the launch event in Seattle, Washington, attended by esteemed personalities including Dr. Swarnim Waglé, a cherished friend and mentor, who has played a pivotal role in advocating for borderless products from Nepal.
Championing Borderless Banking:
Dr. Swarnim Waglé’s leadership and vision have steered Nepal’s tech industry toward global success, laying the groundwork for the country to emerge as a frontrunner in fintech innovation. Xuno’s beta launch is a tribute to his unwavering support and dedication to fostering a thriving tech ecosystem.
The Xuno Difference:
Xuno’s transformative solution aims to bridge the gap between financial institutions in Nepal and their international counterparts through local and national infrastructure.
This groundbreaking feat establishes Nepal as the first country globally to implement the latest global standard messaging protocol, thereby enabling seamless cross-border payments and banking through local banks.
Empowering Lives Through Innovation:
Xuno’s impact on people’s lives is set to be significant, offering the following key features:
Frictionless Payments:
The platform allows users to send payments of any type and size with unprecedented ease.
Revolutionizing Remittances:
Xuno plans to unveil the world’s first version of cross-border remittances (r2pX) built on the latest global standard protocols.
Comprehensive Banking Services:
Xuno focuses on providing banking services to digital gig workers and tech companies, ensuring financial inclusion and empowerment.
Enhanced KYC/AML Standards:
The platform introduces advanced Know Your Customer (KYC) and Anti-Money Laundering (AML) visibility, ensuring the security and legitimacy of transactions like never before.
Financial Technology Redefined:
It is crucial to note that Xuno operates as a financial technology company and not a traditional bank. The banking services provided are offered through an FDIC member bank, ensuring the highest standards of security and regulatory compliance.
Anticipating the Future:
As Xuno’s transformative cross-border payment solution gains momentum, it is poised to revolutionize the global fintech landscape.
The innovation-driven company is set to lead the way in borderless banking, creating new possibilities and redefining how financial services are accessed and delivered across the world.
Beta Live: Click Here
