Source: Tranglo
Tranglo, a leading 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.”
Tranglo processes 80% of its payments in real-time, compared to the global industry average of 1 to 5 business days.
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.”