Tranglo and Lulu Money have announced a partnership on cross-border payments. Tranglo currently processes 80% of its payments in real-time. LuLu Financial Holdings runs a proprietary Digit9 platform, an API-first model for remittance-as-a-service.
The two companies say they will benefit from complementary strengths on international transfers.
Tranglo Group CEO Jacky Lee explained that Lulu specializes in connecting end users and they believe the partnership will lower the time to send funds.
Richard Wason, CEO of Lulu Financial, said the partnership will enable Tranglo to benefit from their extensive network while simultaneously strengthening their payments infrastructure connecting various corridors.
Tranglo is a cross-border payment hub founded in 2008 with offices in Kuala Lumpur, Singapore, Jakarta, Dubai, and London. The company is also a Ripple partner using blockchain for global payments.
LuLu Financial Holdings is a firm headquartered in Abu Dhabi with a network of physical branches and digital payment solutions annually processing over 12 million transactions across various segments.
