back Back

Higlobe & Triple-A team to streamline payments for Filipino workers

By Gloria Mathias

January 31, 2024

  • APAC
  • APAC Philippines news
  • Cross Border Business Payments
Share

Triple-A, Digital Currency Payments Institutions, Stablecoins, Cryptocurrency, Series A funding, Singapore, Standard Chartered, Zodia Markets, Digital Assets, Fintech Partnership, Singapore Fintech Festival, HiGlobe, Fintech News, APAC, Philippines, Filipinos, Fintech Payments, Higlobe, a payment solution for global businesses and remote professionals, has announced a partnership with Triple-A, the digital currency payment institution, aimed at providing remote workers in the Philippines with instant, free payment transfers from the United States.

Driven by the demand for new payment rails that cater to the global workforce and their shared goal of simplifying cross-border payments, Higlobe and Triple-A’s partnership leverages the potential of stablecoins to offer freelancers and businesses a better alternative to traditional SWIFT-based cross-border payment services.

Higlobe remote workers will have the flexibility to receive USD funds from their US-based employers through a dedicated US-receiving account. From there, users can transfer funds directly to their local bank account fee-free, paying only a guaranteed low exchange rate. Alternatively, users can opt to transfer their dollars to a virtual prepaid card, allowing them to conveniently spend funds locally or in the US.

“Our partnership with Triple-A signifies a leap forward in delivering instant, free global transfers from the US and accelerating cross-border payments for freelancers,” stated Teymour H. Farman-Farmaian, Co-founder and CEO of Higlobe. “Our mission is to move the world’s money instantly and at no cost, especially in this era when remote work has gained significant traction. This collaboration aligns with our commitment to revolutionising international payments, benefiting both freelancers and the businesses they work with. It also marks another step forward in our international expansion.”

“We understand the complexities freelancers face in receiving payments, especially across borders,” stated Eric Barbier, Founder and CEO of Triple-A. “Through this partnership, we aim to provide freelancers in the Philippines with an inexpensive and hassle-free experience when receiving USD payments from the US. Our robust, compliance-focused platform ensures secure and convenient transactions, further empowering the freelance and remote workforce.”

This partnership marks a milestone in empowering the global freelance workforce, emphasising the significant role stablecoins can play in simplifying cross-border payments, optimising treasury and cash management, and fostering financial inclusion for freelancers in emerging economies and beyond.

Previous Article

January 31, 2024

How RegTech is Creating Safer Digital World: Interview with Ankit Ratan, CEO & Co-founder at Signzy

Read More
Next Article

January 31, 2024

Kriya raises new £50m funding facility with Viola Credit

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

APAC

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Crédit Agricole du Maroc tap Entrust to boost digital payment offerings

Read More

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

Velo Labs’ Orbit teams with POS networks to facilitate crypto payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023