Tranglo was founded in 2008 when a Malaysian serial entrepreneur saw a huge demand for foreign mobile top-ups. Today, Tranglo is one of Asia’s leading cross-border payment hub that provides smart services not only for airtime top-ups, but also foreign remittance and business payments. Armed with a global network, Tranglo prides itself on pioneering a technology that makes cross-border transactions faster, cheaper and more secure.
In recent news Ripple has agreed to acquire 40% stake in Tranglo. According to Ripple, Southeast Asia is the fastest-growing region for the adoption of RippleNet, the firm’s equivalent of Tranglo Connect, driving global payments with a single access point. Ripple’s commitment to this end is reflected in its appointment of seasoned financial and tech leader Brooks Entwistle to lead and scale the company’s operations in the region.
Tranglo’s digital infrastructure enables ODL to be implemented more quickly and widely across the region. As it stands, businesses are jumping on the RippleNet bandwagon. Accoriding to Tranglo the payments superhighway is being built out.
Picture this: a superhighway that goes everywhere without geographical and physical limitations. On this highway, cars move without crashing into each other and at lightning speed. The best part? The negligible toll charges that would undoubtedly set off a ripple of excitement.
A dream scenario? Not in the cross-border payments industry.
Tranglo enables payouts in 21 currencies with over 1,300 payout partners and in 128 countries currently.