UniTeller Grows Remittance Network Across APAC


The U.S. based mostly cross-border and remittance funds processor is extending its remittance providers to extra prospects in Asia Pacific underneath a partnership with Tranglo.

UniTeller has introduced a partnership with Tranglo to additional increase its providers in 13 Asia Pacific markets, together with Bangladesh, India, Indonesia and Nepal.

The partnership will add greater than 58,000 money pick-up factors, greater than 1,100 account deposit banks and 9 e-wallet platforms to its current paying community of 90,000 paying areas within the area, based on an announcement on Thursday.

UniTeller CEO Alberto Guerra stated the partnership is a «nice step ahead in [the company’s] enlargement plan for Asia Pacific this 12 months.»

RippleNet Entry 

Based in Malaysia in 2008, Tranglo operates a cross-border fee hub that gives good providers for cellular airtime top-ups, in addition to international remittance and enterprise funds. 

Earlier this 12 months, Ripple acquired a 40-percent stake in Tranglo, to permit the blockchain funds firm to fulfill rising buyer demand in APAC, one of many fastest-growing areas for RippleNet. As such, UniTeller’s partnership with Tranglo additionally offers it entry to RippleNet. 

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