back Back

TNG Digital selects Tranglo to expand remittance services

By Gloria Methri

August 07, 2023

  • Cashless Transactions
  • Cross Border Remittances
  • Digital Wallets
Share

TrangloTranglo, Cross-Border Payments, FinTech, Malaysia, TNG Digital has announced a partnership with TNG Digital that allows the Malaysian FinTech giant to expand its cross-border remittance services to millions of customers.

TNG Digital will leverage Tranglo’s network and infrastructure integration to let its users send money directly from GOremit on the Touch ‘n Go eWallet to 10 countries. These 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.

Tranglo Group CEO Jacky Lee 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.”

Established in 2017, the Touch ‘n Go eWallet now has more than 20 million registered users, rapidly gaining recognition as one of the fastest-growing eWallets in Southeast Asia. Its multi-faceted payment platform allows users to make instant cashless transactions at over one million merchant touchpoints nationwide for payments, including tolls, food, bills, online shopping, car insurance, and peer-to-peer transfers.

TNG Digital CEO Alan Ni 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.”

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 reliably and securely.

Previous Article

August 07, 2023

Fasset’s super-app revolutionizes Digital Asset Investing

Read More
Next Article

August 08, 2023

Fawry & Tamatem Plus team to boost e-payment experience for Egyptian gamers

Read More






IBSi Daily News Analysis

June 21, 2024

Cashless Transactions

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

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

June 21, 2024

MECCA & Adyen to offer a seamless payments experience in Australia

Read More

June 21, 2024

Vipps, MobilePay launch cross-border P2P payments in the Nordics

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
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