Tranglo is forming a partnership with Lulu Money Pte Ltd, a subsidiary of the Abu Dhabi-based financial services conglomerate Lulu Financial Holdings, to enhance cross-border transaction time.
The partnership will leverage both companies’ strengths and benefit businesses and individuals seeking efficient, fast, and secure international fund transfers.
Tranglo Group CEO Jacky Lee said: “Lulu Money specialises in connecting end users with beneficiaries worldwide through accessible cross-border payments.” We are confident the partnership will further lower the time it takes to send funds, thanks to Tranglo Connect’s real-time infrastructure and smart connection to our payout corridors.”
Tranglo processes 80% of its payments in real-time, compared to the global industry average of 1 to 5 business days.
Lulu Financial Holdings CEO Richard Wason said: “We are excited about this partnership, which will enable Tranglo to benefit from our extensive network while simultaneously strengthening our payments infrastructure connecting various corridors. Ultimately, this move will help both companies provide faster and more reliable transactions to our valued customers.”
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 30 countries reliably and securely.