Tranglo and TNG Digital have joined forces to expand cross-border remittance services across Southeast Asia, offering users the capability to send funds from the Touch ‘n Go eWallet to 10 countries. This collaboration leverages Tranglo’s established network and infrastructure to enhance financial accessibility for millions of users, aligning with TNG Digital’s mission of promoting financial inclusion through innovative solutions.
8 August 2023 – Tranglo, a pioneering fintech enterprise, is excited to announce its strategic partnership with TNG Digital Sdn Bhd (TNG Digital), a leading Malaysian fintech player. This partnership is set to facilitate the expansion of cross-border remittance services to a multitude of customers, unlocking new avenues for financial accessibility and convenience.
The collaboration empowers TNG Digital to leverage Tranglo’s extensive network and robust infrastructure integration, thereby enabling its users to seamlessly transfer funds directly from GOremit within the Touch ‘n Go eWallet. This innovative service will encompass 10 countries, including Indonesia, the Philippines, Singapore, Thailand, Vietnam, Bangladesh, India, Nepal, Pakistan, and Sri Lanka. TNG Digital’s vision for the future also includes extending this offering to additional countries in the near future.
Jacky Lee, CEO of Tranglo Group, expressed his enthusiasm about this partnership, stating, “We are thrilled to enhance Touch ‘n Go eWallet’s remittance capabilities by integrating our proprietary last-mile delivery solution. These 10 countries have established themselves as our top corridors with well-established payment pathways. Our API technology will intelligently select the most suitable payout methods and connections, ensuring seamless and instantaneous transactions.”
With a remarkable ascent since its establishment in 2017, the Touch ‘n Go eWallet boasts over 20 million registered users, rapidly solidifying its reputation as one of Southeast Asia’s fastest-growing digital wallets. Its versatile payment ecosystem empowers users to execute instantaneous cashless transactions across a diverse spectrum of services, spanning over 1 million merchant touchpoints nationwide. These encompass payments for tolls, meals, bills, online shopping, vehicle insurance, and peer-to-peer transfers.
Alan Ni, CEO of TNG Digital, emphasized, “The GOremit remittance channel plays a pivotal role in our financial inclusion strategy. Thus, partnering with an entity that shares our vision holds paramount importance. This collaboration with Tranglo propels us forward in our mission to empower millions of remittance users.”
Tranglo, renowned for its role in facilitating cross-border payments, aids financial institutions and enterprises through its cutting-edge solution, Tranglo Connect. This comprehensive platform seamlessly merges payout and partner services, streamlining the entire payment process via direct API access. With Tranglo Connect, enterprises can execute secure and reliable payments to more than 70 countries, bolstering global financial connectivity.
