Australian Payments Firm Omipay Picks Tranglo to Power Its Cross Border Payments
by Fintech News Malaysia May 4, 2021Tranglo, a cross-border payment processing hub, announced that it will power the cross-border payments of OmiPay, an Australian mobile payment platform, across its global network.
The deal will allow OmiPay to gain access to Tranglo’s local payment distribution channels, especially the Southeast Asian and Chinese markets.
In particular, Tranglo and OmiPay are working together to increase the accessibility and affordability of cross-border payments.
Tranglo will provide localised payouts through integration with all popular payment methods, including digital payments through e-wallets.
OmiPay will benefit from Tranglo Connect and its single access point and seamless integration. This comes as OmiPay seeks to enhance its local payment capabilities in the Australian market.
Additionally, OmiPay is also keen to enhance the payment journey for international students looking for convenient ways to pay for their tuition fees in Australia.
Based on last year’s figures, the major Southeast Asian corridors of Indonesia, Vietnam and the Philippines accounted for 56% of Tranglo’s processed remittance.
William Guo
William Guo, Head of Partnership of OmiPay said,
“This partnership will fast-track OmiPay’s competitiveness and provide our Australian customers with access to new, innovative payment and e-wallet solutions.
We also look forward to working with Tranglo on a simple and cost-effective way for international students in Southeast Asia to pay their Australian tuition fees.”
Jacky Lee
Jacky Lee, CEO of Tranglo said,
“We are proud to enhance OmiPay’s services using our proprietary single access point and smart switching system.
We are confident that OmiPay’s customers will enjoy the seamless experience afforded by the partnership.”
