Tranglo and OmiPay to collaborate on new payments provision

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Tranglo, which offers online money transfer services to countries around the world, will collaborate with the Australia-based payment solutions provider OmiPay to offer a variety of new payment options – focusing especially on students looking to settle fees.
  • In terms of geography, the partnership aims to make local payment processes in Australia more customer-friendly – though it also wants to address cost-effectiveness problems in other major corridors in the region, such as Southeast Asia.
  • Senior figures at OmiPay said that the company was likely to become more competitive as a consequence of this partnership decision.

International money transfer firm Tranglo has announced a new partnership with an Australian payment solutions provider.

Tranglo will work alongside OmiPay, which operates in all of Australia’s major cities.

OmiPay will start using a product known as Tranglo Connect, which allows customers to benefit from full integration and a centralised point of access.

This will mean that OmiPay can now enhance its presence in markets such as China and Southeast Asia.

The partnership will aim to bring down the cost of cross-border payments in these corridors.

It will also improve local access to cross-border payments in Australia.

Students looking to settle tuition fee bills within Australia are likely to benefit from the new arrangement.

OmiPay caters to this particular part of the payments market, among others.

For Tranglo’s part, the company will offer locally based external payments by building integration channels for various different payment methods.

This is understood to include e-wallets for those who want to make payments online.

In a statement, Howard Yu, the founder and chief executive officer of OmiPay, said that Tranglo was just one of many new partners that the company was adding to its books.

Yu said that his firm was determined to help customers make their “financial aspirations” a reality by enhancing its services in this way.

“We are delighted to welcome Tranglo to our growing portfolio of partners,” he said.

“Together we seek to empower the financial aspirations of millions of consumers with enhanced access and convenience for their cross-border payment needs.”

William Guo, the company’s head of partnership, went further, saying that the company was aiming to become extra-competitive as a result of the move.

Guo emphasised the fact that the firm was intending to cater to the student market, and said that it would offer a cost-effective way for them to reduce their bills.

“This partnership will fast-track OmiPay’s competitiveness and provide our Australian customers with access to new, innovative payment and e-wallet solutions,” he said.

“We also look forward to working with Tranglo on a simple and cost-effective way for international students in Southeast Asia to pay their Australian tuition fees.”

These two firms are just some of the companies involved in the online money transfer world – if you would like to learn more about what other providers are available, just read our reviews section and get a better look at the choices.


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