Business Daily Media

Men's Weekly

.

Grey Launches Faster Rupee Payouts for Indians Earning Globally

Y Combinator-backed US fintech expands services to India with minutes-fast transfers that bypass traditional banking delays

SAN FRANCISCO, US - EQS Newswire - 2 September 2025 - Y Combinator-backed startup fintech Grey (https://Grey.co/) has expanded its services to India, now offering almost instant rupee payouts to serve Indians earning from international sources—from freelancers and entrepreneurs to students and expats sending money home, receiving support from family and managing cross-border finances.

The product expansion positions Grey, a US-licensed fintech, that serves over 2 million users across 50+ countries, as a major player offering comprehensive global banking services specifically designed for India's digitally connected workforce, providing instant access to USD, EUR, and GBP accounts alongside local rupee conversions.

India processes over $125 billion in annual remittances, more than any country globally, yet most recipients still wait 3-5 business days and pay 3-7% in hidden fees for international transfers.

"Traditional banks treat international payments like it's still 1995," said Idorenyin Obong, Grey's CEO, who spent time in Bengaluru meeting users "I talked to a freelance designer who was losing ₹15,000 monthly just on conversion fees and delays. That's serious money."

The timing reflects India's growing global economic integration. The country has the world's largest freelance market with over 15 million freelancers and approximately 3 million remote workers employed by foreign companies. Most still rely on traditional payment methods with multi-day delays, despite having clients primarily based in the US, UK, Australia, Europe, and South America.

Grey's approach differs by providing users with actual US, European, and UK bank account details, allowing international clients to pay as if hiring locally, then instantly converting funds to rupees on the recipient's end.

"We're not just another remittance app," Obong explained. "We're giving Indians the same financial infrastructure that Americans and Europeans have which is instant access to global money."

The launch positions Grey directly against established players in India, a market where cross-border payment companies have struggled with regulatory complexity and local banking partnerships.

Indian users can sign up immediately at https://Grey.co/. The service supports payouts from 170+ countries and includes virtual USD debit cards and USDC cryptocurrency deposits and payouts.

Distributed by APO Group on behalf of Grey.

Hashtag: #Grey

The issuer is solely responsible for the content of this announcement.

About Grey

Grey is at the forefront of providing secure and convenient global banking solutions to meet the needs of customers and businesses. Grey holds a Money Service Business license from FINTRAC in Canada, and FinCEN in the USA, and our primary focus is emerging markets. Our range of services enables individuals and businesses to easily own and manage multi-currency accounts (). This includes currency exchange (), sending and receiving payments () to and from over 170 countries, as well as access to virtual cards ().

News from Asia

Cata Debuts Game-Changing All-in-One App Platform for F&B and Retail Operators

Launch your own branded mobile app with omni-channel loyalty, online ordering, and CRM in days—no coding requiredSINGAPORE - Media OutReach Newswire - 2 September 2025 - Cata today launches its gr...

Fifty-three percent of Malaysian Employees Aged 30-34 may Switch Jobs in the Next Year: Aon

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 2 September 2025 - Aon plc (NYSE: AON), a leading global professional services firm, has released insights from its 2025 Malaysia Employee Bene...

Dachser expands wine and spirits logistics services in Asia Pacific

HONG KONG SAR - Media OutReach Newswire - 2 September 2025 - Dachser, a global logistics provider with over 90 years of experience and more than two decades of specialized expertise in wine and sp...

Kenanga Futures Launches "Futures Awaken" to Help Traders Navigate Market Volatility

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 2 September 2025 - Kenanga Futures Sdn Bhd ("Kenanga Futures") has announced the launch of its latest nationwide campaign, "Futures Awaken". Runn...

RIYAZ International and Jin Jiang Hotels China Region Sign Strategic Partnership to Expand Cross-Border Hospitality Across Southeast Asia

Launch of RJJ Hotels and multiple agreements position Malaysia as the hub for regional tourism and investment growthKUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 2 September 2025 - Malaysian-...

New Akamai-Commissioned Research Reveals GenAI is Driving "The Edge Evolution": 80% of APAC CIOs to Rely on Edge Services by 2027 to Support AI Workloads

Akamai-commissioned research reports future-proofing digital business infrastructure as the top technology initiative for CEOs in Asia-Pacific organizations Leading analyst firm p...

Global Anti-Scam Summit Asia 2025 Tackles Escalating Scam Threats In Southeast Asia With Cross-border Collaboration And Technology-Driven Solutions

SINGAPORE - Media OutReach Newswire - 2 September 2025 – At the Global Anti-Scam Summit (GASS) Asia 2025 today, Mr Tan Kiat How, Senior Minister of State for the Ministry of Digital Development an...

Grey Launches Faster Rupee Payouts for Indians Earning Globally

Y Combinator-backed US fintech expands services to India with minutes-fast transfers that bypass traditional banking delaysSAN FRANCISCO, US - EQS Newswire - 2 September 2025 - Y Combinator-backed ...

Citi Raises Fosun International’s Target Price to HK$6.5 and Reiterates "Buy" Rating

HONG KONG SAR - Media OutReach Newswire - 2 September 2025 - On 29 August, Fosun International held its 2025 interim results presentation, during which management delivered a clear strategic messa...

MyRepublic Unveils HaloHome: The Bespoke Home Network and IT Solutions For Homes Beyond Standard Wi-Fi and IT Needs

SINGAPORE - Media OutReach Newswire - 2 September 2025 - MyRepublic, a recognised innovator in the broadband industry for its appeal to gamers and digital natives, today announced the launch of M...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Sell by LayBy