Wells Fargo & Co. is offering automated clearing house payment services to India, Hong Kong and Singapore.
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The San Francisco banking company said Wednesday that it is pitching its expanded ACH reach as an alternative to international wires bound for regions that are increasingly important to its business customers.
"Electronic ACH payments to India, Hong Kong and Singapore provide customers with significant cost savings versus wires and bring more efficiency to their payments processes," Judd Holroyde, Wells' head of global product management, said in a press release.
