back Back

OKEx and UTORG to elevate Fiat currency based crypto buying in India

By Leandra Monteiro

November 25, 2021

  • Bitcoin
  • Distributed Ledger
  • Fiat
Share

OKExOKEx, a BTC future derivatives and crypto exchange announced that it has partnered with UTORG, a licensed cryptocurrency service provider, to boost fiat currency based crypto buying in India.

To enable a quick and convenient INR based crypto purchase, UTORG aids OKEx India users to buy conveniently via bank transfer, credit/debit cards and UPI payments modes. OKEx users can seamlessly purchase crypto in INR trading pairs including $USDT, $BTC, $ETH etc. and can now experience the ease of fiat-based investments to the fullest.

OKEx intends to add a layer of simplicity and convenience by partnering with a trusted platform, like UTORG. Commenting on the partnership of both platforms, CEO of OKEx Jay Hao stated, “We are proud to integrate with a global platform like UTORG. Indian users have an added option of choosing a fiat payment gateway which makes crypto purchasing simple and easy to understand for anyone and everyone. With this partnership via UTORG, we are peering closer to our dream of bringing crypto the masses”.

Commenting on its advanced automated KYC process that is created using AI technology, UTORG team stated, “We all know how cumbersome manual identity verification is. By delivering a client-oriented service, we ensure that the identity verification procedure does not exceed 5 minutes”.

UTORG lays a simple path to start creating a new order for OKEx users. Users are simply requested to fill in the express order form and select UTORG as the payment fiat gateway to be redirected. To finish the process, users can select any payment method: Bank transfer, Credit/Debit card, UPI. Once the payment has been completed, the coins will reflect in the users OKEx asset dashboard.

A licensed service provider in the crypto domain, UTORG has obtained all necessary permits to do what they do. At OKEx, user security is pinnacle. UTORG is a holder of valid PCI DSS certificate that proves compliance with top global standards and best practices applied to protection in sync with OKEx’s promise of privacy and safety.

OKEx aims to serve users with a blockchain and crypto technology by joining hands with the renowned UTORG platform. This is indeed a leap forth to strengthen domestic crypto accessibility and enhance trading experience for 100 million+ users from, across both the platforms collectively.

Previous Article

November 25, 2021

Bankdata successfully launches its largest program with Murex’s MX.3 solution

Read More
Next Article

November 25, 2021

Unit partners with Currencycloud to enable seamless cross-border payments

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Bitcoin

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 15, 2024

Wirex & Visa expand partnership to fuel Web3 payment adoption

Read More

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

May 08, 2024

Revolut debuts crypto trading platform for professional traders

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024