The relationship is already paying off, as the speed of transfers has increased tremendously from days to minutes, and costs have been drastically reduced, making international payments as easy and quick as local bank transfers.

The agreement gives Tranglo the technological and regulatory framework to expand its cross-border payouts service across an additional 24 European nations with a single integration, starting with 12 important SEPA countries at launch. The collaboration is a part of Inpay's larger plans for global expansion in 2024, particularly in Asia, where the company sees a lot of potential. Joining forces with one of the top PSPs in the area is evidence of this goal.

It is uncommon to discover a company and CEO who share the same ideals, but that is precisely what we found with Tranglo, says Thomas Jul, CEO of Inpay. Similar to Tranglo, Inpay was established in 2008 in response to the demand for cross-border payments to be as rapid, secure, and safe as domestic bank transactions. This is a big collaboration that gives Inpay a crucial strategic presence in Asia and enables Tranglo to expand quickly throughout Europe.

With its global network spanning more than 100 countries, Tranglo is a major provider of smart services for airtime top-ups, remittances, and business payments. The company is based in Malaysia. Because of their extensive internal knowledge of negotiating the highly regulated European payments market, Inpay was chosen as their partner of choice.

The ideal ally to facilitate scaling
Complying with regulations set forth by the internationally reputable Danish FSA forms the foundation of Inpay's product, giving Tranglo access to industry-leading risk management and local knowledge that are vital to its aspirations to expand internationally. Through the cooperation, Tranglo is able to provide B2B and B2C customers in SEPA nations with cross-border, multi-currency payments at a cheaper cost than they would pay through banking payment rails or traditional SWIFT transfers.

Customers of Tranglo can now transact at a speed of T+0 (sixty seconds) instead of T+2 (two days) thanks to the cooperation. consumers like Tranglo may access a global network covering more than 70 countries using a single, easy-to-use API connection. Inpay passes through the entire value of the transfer without deductions, guaranteeing consumers have complete visibility of fees. The network also offers constant and predictable transfer times.

"We can be really picky when choosing our partners," says Jacky Lee, CEO of Tranglo Group. We place a high value on chemistry, shared objectives, and culture. All of this was evident to us when we first visited Inpay's Copenhagen office early in the collaboration.

"We were searching for a partner with a strong risk management strategy, a license, and extensive knowledge of the regulatory landscape in Europe. We were instantly convinced that Inpay could handle intricate transactions, control risks, and provide the kind of traceability and transparency that financial institutions and regulators demand.