Tranglo Lulu Money augment cross-border payouts

Monday 22 May 2023 10:06 CET | News

Malaysia-based cross-border payment hub Tranglo has partnered with Lulu Money, a subsidiary of Lulu Financial Holdings, to accelerate cross-border transactions.


The partnership will leverage the mutual strengths of both companies and benefit businesses and individuals seeking efficient, fast, and secure international fund transfers.

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.

Tranglo partners with Lulu Money to augment cross-border transactions.

Officials from Tranglo say that Lulu Money specialises in connecting end users with beneficiaries worldwide through accessible cross-border payments. They 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 their payout corridors.

Tranglo processes 80% of its payments in real-time, compared to the global industry average of 1 to 5 business days, according to the press release. 

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 ultimately reach millions of customers via LuLu Financial Holdings’ extensive network spanning 10 countries.

Commenting on this partnership, executives from Lulu Financial Holdings stated that they are continuously enhancing their service delivery and upholding customer satisfaction standards. They are happy about this partnership, which will enable Tranglo to benefit from their extensive network while simultaneously strengthening their payments infrastructure connecting various corridors. Ultimately, this move will help both companies provide faster and more reliable transactions to their valued customers.

What does tranglo do?

Tranglo is a cross-border payment hub with a proven track record in business payment, foreign remittance, and mobile payment solutions. Founded in 2008, it has offices in Kuala Lumpur, Singapore, Jakarta, Dubai, and London. Their global network spans over 150 countries, 600 mobile operators, 1,300 banks/wallets, and 140,000 cash pickup points. Tranglo is a proud partner of Ripple, the leading enterprise blockchain solutions for global payments. They also offer enhanced cross-border payout services with an even wider coverage through RippleNet, Ripple’s global payment network.

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Keywords: cross-border payments, fintech, API, remittances, payout, partnership
Categories: Payments & Commerce
Companies: LuLu Financial Holdings, Tranglo
Countries: Malaysia
This article is part of category

Payments & Commerce

LuLu Financial Holdings



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