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TangoPay taps Currencycloud to boost remittances for UK expats

By Gloria Methri

March 07, 2024

  • Cross Border Remittances
  • Currencycloud
  • Europe
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CurrencycloudTangoPay, Cross Border Payments, Remittances, UK, FinTech has partnered with TangoPay to enhance remittance service for its UK-based expat customers by adding real-time competitive foreign exchange (FX) rates and additional localized payment options.

The partnership with Currencycloud allows TangoPay to access an extensive range of services that enable them to tailor payment services to customers’ needs. The improved operational efficiencies that Currencycloud’s APIs bring will enable TangoPay to offer its customers improvements in several areas when making remittance payments globally.

These include a significant reduction in average transaction time, lower transaction fees, real-time exchange rates and a wider range of payment options.

Basir Sangerwal, CEO and Founder of TangoPay, said, “Currencycloud is an excellent fit for TangoPay. Before our integration, we relied on traditional foreign exchange methods, which were effective but limited our scalability and the range of payment options we could offer. These limitations made it harder to meet the evolving needs of our global customer base. We have rapidly integrated with Currencycloud, using their APIs to add new features and services for our clients who now benefit from a more extensive and tailored service, while we are fulfilling our mission of being a true catalyst for financial inclusion.”

Aleks Stefanovski, Chief Strategy Officer at Currencycloud said, “Since their launch, TangoPay has focused relentlessly on financial inclusion, making it easy for the UK expat community to make payments to friends, family, and businesses globally. By choosing to integrate with Currencycloud, TangoPay has made that inclusion even more of a reality by offering competitive real-time FX and fast transactions, which bring clarity, value, and speed to global remittances. We are delighted to be part of their vision and mission.”

The TangoPay app is available now for download on Google Play Store and App Store.

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