Currencycloud, the Fintech firm focused on simplifying business processes in a multi-currency environment, has teamed up with UK-headquartered Fintech company, TangoPay to improve its remittance service for its UK-based expat clients. This enhancement will be achieved by introducing real-time competitive foreign exchange (FX) rates along with additional locla payment services.
The collaboration between Currencycloud and TangoPay enables access to a range of services that allow the service providers to offer payment services that are specific to clients’ requirements.
The significantly enhanced operational efficiencies that Currencycloud’s APIs supports is able to allow TangoPay to provide clients considerable improvements in core areas when carrying out remittance payments, including a sizable reduction in average transfer times, reduced transfer fees, real-time exchange rates and a flexible range of payment solutions.
Basir Sangerwal, CEO and Founder of TangoPay, stated:
“Currencycloud is an excellent fit for TangoPay. Before our integration we relied on traditional foreign exchange methods, which were effective but limited our scalability and the range of payment options we could offer. These limitations made it harder to meet the evolving needs of our global customer base. We have rapidly integrated with Currencycloud, using their APIs to add new features and services for our clients who now benefit from a more extensive and tailored service, while we are fulfilling our mission of being a true catalyst for financial inclusion.”
Aleks Stefanovski, Chief Strategy Officer at Currencycloud, said:
“Since their launch, TangoPay has focused relentlessly on financial inclusion, making it easy for UK’s expat community to make payments to friends, family and businesses globally. By choosing to integrate with Currencycloud, TangoPay have made that inclusion even more of a reality by offering competitive real-time FX and fast transactions, which bring clarity, value and speed to global remittances. We are delighted to be part of their vision and mission.”
The TangoPay app is reportedly available for download via the Google Play Store as well as the App Store.