Tranglo partners with Lulu Money to boost cross-border transactions

By Leandra Monteiro

Tranglo, a cross-border payment hub, has announced a strategic partnership with Lulu Money Pte Ltd, a subsidiary of the Abu Dhabi-based financial services conglomerate Lulu Financial Holdings, to simplify and accelerate cross-border transaction time.

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

Tranglo, Group CEO, Jacky Lee said, “Lulu Money specialises in connecting end users with beneficiaries worldwide through accessible cross-border payments. We 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 our payout corridors.”

Lulu Financial Holdings, CEO Richard Wason said, “Lulu Financial Holdings is dedicated to continuously enhancing our service delivery and upholding exceptional customer satisfaction standards. We are excited about this partnership, which will enable Tranglo to benefit from our extensive network while simultaneously strengthening our payments infrastructure connecting various corridors. Ultimately, this move will help both companies provide faster and more reliable transactions to our valued customers.”

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.

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.