The positive results of the partnership are already clear - dramatically improving the speed of transfer from days to minutes and significantly reducing cost; making global payments as quick and simple as local bank transfers.

Starting with 12 key SEPA countries at launch, the partnership provides Tranglo with the technical and regulatory infrastructure to scale its cross-border payouts offering across a further 24 European countries through a single integration. The partnership forms part of Inpay’s wider global expansion plans in 2024, specifically in Asia, where Inpay see enormous opportunity. Partnering with one of the region’s leading PSPs is a testament to this ambition.

Thomas Jul, CEO of Inpay, comments: “It is rare to find a company, and CEO, who share the same values, but that is exactly what we found with Tranglo. Like Tranglo, Inpay was formed in 2008 after recognizing a need to make cross-border payments as quick, safe, and secure as domestic bank transfers. This is a significant partnership, which not only allows Tranglo to rapidly scale across Europe but gives Inpay a key strategic footprint in Asia”.

Tranglo is headquartered in Malaysia and is a global leading provider of smart services for airtime top-ups, remittances and business payments across more than 100 countries in its global network. Inpay was selected as their partner of choice due to their deep in-house expertise in navigating the highly regulated European payments market.

The right partner to support scalability
Regulated by the globally trusted Danish FSA, compliance sits at the core of Inpay’s offering, providing the industry-leading risk management and local expertise that Tranglo sees as mission critical to its global expansion efforts. The partnership allows Tranglo to offer multi-currency, cross-border payments to B2B and B2C customers in SEPA countries at a lower cost than through traditional SWIFT transfers or banking payment rails.

Through the partnership, the speed of transaction for Tranglo’s customers has dropped from T+2 (two days) to T+0 (60 seconds). Inpay passes through the full value of the transfer without deductions, ensuring customers have full visibility of fees - with consistent and reliable transfer times across a global network spanning 70+ countries, which customers like Tranglo can access via a single, simple API connection.

Jacky Lee, Tranglo Group CEO, comments: “We can be really picky when choosing our partners. Shared goals, chemistry and culture are very important to us. When we visited Inpay’s Copenhagen office early in the partnership, we saw all of this and more.”

“We were looking for a partner who had a robust risk management approach, was licenced and had deep experience in Europe’s regulatory environment. We immediately had the confidence that Inpay could deal with complex flows, manage risks and deliver the type of traceability and transparency that regulators and financial firms expect.”