UniTeller partners Tranglo to expand in APAC region

The partnership with Tranglo will allow UniTeller to further expand its services in 13 Asia Pacific markets including Bangladesh, India, Indonesia and Nepal

UniTeller, an international remittance payments processor based in the US, has extended its remittance services to more customers in Asia Pacific (APAC) by partnering with Tranglo, a Malaysian cross-border payments specialist.

The partnership with Tranglo will allow UniTeller to further expand its services in 13 Asia Pacific markets including Bangladesh, India, Indonesia and Nepal.

This will also add more than 58,000 cash pick-up points, more than 1,100 account deposit banks and 9 e-wallet platforms to its existing paying network.

The collaboration also gives UniTeller access to RippleNet, the global financial network of Ripple which had agreed to acquire a 40% stake in Tranglo in March 2021.

UniTeller has had a presence in Asia for two decades and has been rapidly expanding its network to cover more than 90,000 paying locations in the region.

Alberto Guerra, Chief Executive Officer of UniTeller said: This partnership with Tranglo is a great step forward in our expansion plan for Asia Pacific this year. Collaboration has always been an important part of our strategy.

By partnering with like-minded cross-border payments companies, we can integrate international paying networks and combine our technological strength and local market knowledge to make an even greater impact on the industry than what each of us can achieve individually, he said.

Jacky Lee, Chief Executive Officer of Tranglo said: Globally, remittances remain resilient in the current environment with Asia registering the largest volume in remittances which is crucial to support the livelihood needs of people in low to middle-income countries.

He said: As a cross-border payments processor rooted in Asia, we are excited to work with UniTeller to expand and enhance remittance channels in the region.