Tranglo, a leading hub for cross-border payments and a trusted partner of Ripple, is forging ahead with its expansion into the Middle East through a new collaboration with LuLu Money. By joining forces with LuLu Money, a subsidiary of Lulu Financial Holdings based in Abu Dhabi, Tranglo aims to simplify and expedite cross-border transactions, marking a significant milestone in its regional presence.
Tomiwabold OlajideIn a strategic move, Tranglo has solidified its partnership with this influential regional player after unveiling a payment corridor in the United Arab Emirates (UAE) last August. This alliance capitalizes on the unique strengths of both organizations, propelling them to the forefront of seamless cross-border payment solutions.
Tranglo brings to the table its Tranglo Connect solution, a platform that leverages the entire payment process through direct API access. Notably, Tranglo stands out by processing an impressive 80% of its payments in real time, surpassing the global industry average.
Moreover, Tranglo offers cross-border payout services leveraging RippleNet. It is worth highlighting that Ripple has been a longstanding partner of Tranglo, with the crypto company holding a significant 40% stake in the organization.
Vladislav SopovLuLu Money is no stranger to payment technologies either. The company operates Digit9, an API-first platform that empowers financial institutions to extend their services to other financial entities and fintech firms. This remarkable platform enables seamless remittance-as-a-service, expanding their reach to customers across the world through LuLu Financial Holdings' extensive network.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Alex Dovbnya
Godfrey Benjamin