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The US-based cross-border payments and money transfer processing company is expanding its money transfer services to more customers in the Asia-Pacific region through a partnership with Tranglo.
UniTeller announced a partnership with Tranglo to further expand its services to 13 markets in the Asia Pacific region, including Bangladesh, India, Indonesia and Nepal.
According to an announcement on Thursday, the partnership will add more than 58,000 cash pick-up locations, over 1,100 deposit banks and nine e-wallet platforms to the existing payments network of 90,000 payment points in the region.
General Director of UniTeller Alberto Guerra said the partnership is a big step forward in expanding the company to the Asia-Pacific region this year.
Access to RippleNet
Tranglo, founded in Malaysia in 2008, operates a cross-border payment center that provides services for overseas remittances and business payments.
Earlier this year, Ripple acquired a 40 percent stake in Tranglo to enable the blockchain payments company to meet the growing customer demand in the Asia-Pacific region, one of the fastest growing regions for RippleNet. As such, UniTeller’s partnership with Tranglo also gives it access to RippleNet.
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