TNG Digital Enhances GOremit with Tranglo’s Cross-Border Payments Networkby Fintech News Malaysia August 7, 2023 0 comments
TNG Digital will leverage cross-border payment hub Tranglo’s network and infrastructure integration to enable its users send money directly from its digital remittance service GOremit on the Touch ‘n Go eWallet to 10 countries.
The countries include Indonesia, the Philippines, Singapore, Thailand, Vietnam, Bangladesh, India, Nepal, Pakistan and Sri Lanka. The company plans to expand to more countries in the near future.
With more than 20 million registered users, Touch ‘n Go eWallet enables its users to make instant cashless transactions at over 1 million merchant touchpoints nationwide for payments, including tolls, food, bills, online shopping, car insurance and peer-to-peer transfers.
Meanwhile, 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 70 countries.
Jacky Lee, Group CEO of Tranglo said,
“We are delighted to enhance Touch ‘n Go eWallet’s remittance offerings using our proprietary, last-mile delivery solution.
These 10 countries are among our top corridors with stable payment rails. Our API will automatically select optimal payout methods and connections to ensure instant and reliable transactions.”
Alan Ni, CEO of TNG Digital said,
“Remittance through GOremit is an important component to drive our financial inclusion agenda; hence working with a partner that understands our vision is critical.
We are confident that the partnership with Tranglo will give us the impetus to continue this mission by empowering millions of remittance users.”