Ahmedabad, India, 12 July - NeuXP, an integrated digital banking solution provider for non-residents living abroad, has signed a Memorandum of Understanding (MoU) with Brexa Quants, a venture capitalist and leading financial consultancy firm in India. This partnership serves as a launchpad for the expansion of NeuXP in India to ease and transform the digital banking experience for its target users.

By Q1 2022, NeuXP will be launching its digital banking platform in Asia, particularly India, with the goal of easing the transfer of funds for expatriates, students, business owners and travellers. Unlike conventional digital banking solutions, NeuXP is more than just a banking app, providing users with an omnichannel experience where users do not have to leave the app to access other services. NeuXP mobile application will facilitate cash transfers and allow users to access lifestyle services such as flight and accommodation bookings, online shopping, and more, in different currencies while overseas. This makes NeuXP a truly one-stop omnichannel experience for target users, non-residents living in India, as well as Indian nationals living abroad.

Being one of the world's most populous countries and fastest-growing economies, the banking industry in India has also seen a shift in its trends and consumers' behaviours. Its banking trend has significantly shifted from traditional to digital in recent years and due to various factors such as economic fluctuations, advancement of tech trends, data accessibility and dynamic generational shifts, the banks' customers' behaviours have also changed. More people are shifting to digital channels for banking in India and the value of digital payments and the fintech market are also expected to grow significantly in the next three years.

"We are truly honoured to be officiating a Memorandum of Understanding with Brexa Quants. Brexa Quants with its extensive expertise in the financial field, is the best fit for NeuXP expansion in India. In line with our vision to transform the digital finance experience for non-residents across Asia, we find India to be a country with tremendous opportunities for tech advancement and innovation in the digital banking field," stated Jeremy Mah, founder and CEO of NeuXP.

"We look forward to starting this journey of NeuXP India with Jeremy and the team as this will mark the beginning of our strategic partnership in the digital banking field, which is in line with our aspiration to diversify our financial services. We are confident that through NeuXP India, we will be able to provide a one-of-a-kind integrated digital banking app that will add value to the users in India as well our Indian nationals living in other countries," added Krustesh Shah, a founding partner who will also be leading NeuXP India.

In an effort to also transform the experience of non-resident business owners in India, NeuXP will be offering a one-stop business automation solution Biz@NeuXP to ASEAN business owners who are looking to expand to India. By eliminating challenges such as lengthy procedures and processing time, non-residents can set up and manage their businesses digitally in India with less hassles and costs, which will, in turn, accelerate ASEAN business entry into India.

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About NeuXP
NeuXP is an integrated digital banking platform that offers comprehensive services with flexible, accessible and simple user experience. As the next norm of digital banking, NeuXP is rapidly moving into the digital finance space with its network advantage and leading-edge technology. Its fully digitalized banking platform is designed to address the concerns of non-residents, extending beyond what’s normally made available by other providers in Europe, USA and Asia. Besides its core banking products, NeuXP provides a complete banking ecosystem that complements the lifestyle needs of its users. To find out more, visit www.neuxp.com.

About Brexa Quants
Brexa Quants is a prominent venture capitalist and financial consultancy firm in India. As an award-winning organisation, Brexa Quants aims to be a global financial consultancy firm that adds value to the stakeholders by providing excellent services. In line with its mission of providing the best solutions, the firm offers comprehensive financial solutions and services. It has been persistent in successfully offering satisfactory results to its clients across India. The founder has always believed in being a ‘change agent’ by inspiring and influencing people from various organizations, helping it transform itself by focusing on organizational effectiveness, improvement, and development. To find out more visit https://brexa.co.in/