Wall Street Finance surges 5% after RBI select its product 'WSFx SecuSmart REMIT' for test phase in cross border payments

WSFx SecuSmart REMIT is an innovative Digital Solution integrating various technologies providing a seamless digital experience from customer.

Sep 15, 2021 10:09 IST India Infoline News Service

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Wall Street Finance Ltd has informed that as a new step towards digital transformation, the company had applied for the admission of their Product “WSFx SecuSmart REMIT” to the RBI 2nd Cohort of the Regulatory Sandbox on ‘Cross Border Payments’.

The company announced that, their Product “WSFx SecuSmart REMIT” is selected for the ‘Test Phase’ by RBI and the testing of the product shall commence from third week of September 2021.

WSFx SecuSmart REMIT is an innovative Digital Solution integrating various technologies providing a seamless digital experience from customer on boarding to transaction fulfilment with full compliance for all Personal Outward remittances for Individuals under LRS.

With this innovative product, the Company hopes to digitally transform the customer experience and journey for conducting his personal outward remittances and also create new opportunities for the Company, said Wall Street Finance in a regulatory filing.

At around 10:11 AM, Wall Street Finance was trading at Rs22.35 apiece up by Rs1.05 or 4.93% on Sensex.

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