Payments

Tranglo Ties up With UAE’s Lulu Money to Enhance International Fund Transfers

by Fintech News Malaysia May 23, 2023

Cross-border payment hub Tranglo has partnered with Lulu Money to benefit businesses and individuals seeking efficient, fast and secure international fund transfers.

Lulu Money is a currency exchange and money transfer service companies which is a subsidiary of the Abu Dhabi-based financial services conglomerate Lulu Financial Holdings.

LuLu Financial Holdings runs a proprietary Digit9 platform, an API-first model for remittance-as-a-service. Digit9 enables financial institutions to offer their services to other financial institutions and fintechs, and has a network spanning 10 countries.

Meanwhile, Tranglo helps financial institutions and businesses pay through Tranglo Connect, its proprietary cross-border payments solution where it processes 80% of its payments in real-time.

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.

Jacky Lee

Jacky Lee, Group CEO of Tranglo 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.”

Richard Wason

Richard Wason, CEO of Lulu Financial Holdings said,

“Lulu Financial Holdings is dedicated to continuously enhancing our service delivery and upholding exceptional customer satisfaction standards. 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.”