Malaysia, Remittances: TNG Digital, Tranglo to Expand Remittance Payments Services

Tranglo is pleased to announce a partnership with TNG Digital Sdn Bhd that allows the Malaysian fintech giant “to expand its cross-border remittance services to millions of customers.”

TNG Digital will leverage Tranglo’s network and infrastructure integration “to let its users send money directly from GOremit on the Touch ‘n Go eWallet to 10 countries – Indonesia, the Philippines, Singapore, Thailand, Vietnam, Bangladesh, India, Nepal, Pakistan and Sri Lanka. The company plans to expand to more countries in the near future.”

Tranglo Group CEO Jacky Lee said:

“We are delighted to enhance Touch ‘n Go eWallet’s remittance offerings using our proprietary, last-mile delivery solution. These 10 countries are among our top corridors with stable payment rails. Our API will automatically select optimal payout methods and connections to ensure instant and reliable transactions.”

Established in 2017, the Touch ‘n Go eWallet now “has more than 20 million registered users, rapidly gaining recognition as one of the fastest-growing eWallets in Southeast Asia.”

Its multi-faceted payment platform allows users “to make instant cashless transactions at over 1 million merchant touchpoints nationwide for payments, including tolls, food, bills, online shopping, car insurance and peer-to-peer transfers.”

TNG Digital CEO Alan Ni said:

“Remittance through GOremit is an important component to drive our financial inclusion agenda; hence working with a partner that understands our vision is critical. We are confident that the partnership with Tranglo will give us the impetus to continue this mission by empowering millions of remittance users.”

Tranglo helps financial institutions and businesses “pay through Tranglo Connect, its proprietary cross-border payments solution.”

It seamlessly integrates payout and partner services, “unifying the end-to-end payment process with direct API access.” With Tranglo Connect, companies can “make payments to over 70 countries reliably and securely.”

As noted in the update, Tranglo is “a cross-border payment hub with a proven track record in business payment, foreign remittance and mobile payment solutions.”

Founded in 2008, they have offices “in Kuala Lumpur, Singapore, Jakarta, Dubai and London. Our global network spans more than 150 countries, 5,800 mobile operators, 2,200 banks/wallets and 140,000 cash pickup points.”

Tranglo is a partner of Ripple, the enterprise blockchain solutions for global payments.

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