Higlobe & Triple-A team to streamline payments for Filipino workers
By Gloria Mathias
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.
IBSi Daily News Analysis
February 23, 2024
Regulated firms battle surge in financial crime attempts, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage