UniTeller and Tranglo confirm payments partnership


Valentina Vitali
Valentina Vitali
Research Analyst
Valentina is a Research Analyst and passionate about payments and fintech. Valentin enjoys analysing money transfer companies and the market. In her work, Valentina analyses payments data… Read more
  • UniTeller, which is a payments company based in the US, has said that it will work alongside the remittances company Tranglo to provide new services to the Asia-Pacific region.
  • A list of countries in which the new arrangement will be active has been released and is believed to include Indonesia and Nepal.
  • “This partnership with Tranglo is a great step forward in our expansion plan for Asia Pacific this year,” said a senior figure at UniTeller.

UniTeller, a leading provider of remittances, has confirmed that it will add the Asia-Pacific region to the list of areas it services.

UniTeller, which has its head offices in the US, said that it will pair up with another firm to reach the Asia-Pacific market.

It will do this through a partnership with Tranglo, which is a cross-border payments provider based in Malaysia.

There are several countries in the Asia-Pacific region that are on the list, including Nepal and India – Bangladesh and Indonesia are also there.

In total, it is expected that there will be over 58,000 cash pick-up points added to the UniTeller network.

It is also believed that there will be more than 1,100 account deposit banks added.

There will be 9 digital wallet platforms involved.

In a statement, the chief executive officer of UniTeller said that this was a big opportunity for the company’s expansion plan.

Alberto Guerra said that it was a highlight of the year.

“This partnership with Tranglo is a great step forward in our expansion plan for Asia Pacific this year,” he said.

He went on to say that collaboration has been baked into the firm’s approach since the start.

“Collaboration has always been an important part of our strategy,” he said. 

“By partnering with like-minded cross-border payments companies, we can integrate international paying networks and combine our technological strength and local market knowledge to make an even greater impact on the industry than what each of us can achieve individually.” 

For Tranglo, meanwhile, the chief executive officer there said that remittances were still important across the globe – despite the pandemic.

Jacky Lee explained that it was essential for many people in the Asia-Pacific region that they had access to good remittance services.

“Globally, remittances remain resilient in the current environment with Asia registering the largest volume in remittances which is crucial to support the livelihood needs of people in low to middle-income countries,” he said.

He added that the company is “rooted” in Asia – and was pleased about the upcoming collaboration.

“As a cross-border payments processor rooted in Asia, we are excited to work with UniTeller to expand and enhance remittance channels in the region,” he explained.

The partnership is also notable for the fact that UniTeller will now be able to use RippleNet.

RippleNet is a blockchain-powered payments network that can speed up payments.

Do you want to get the lowdown on the rest of the firms in the online money transfer world? If so, we’re on hand – just head over to our reviews pages.

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