Cross-border payment hub Tranglo Pte Ltd has introduced a comprehensive business payment solution developed exclusively for companies of all sizes that helps them to efficiently send and receive global payments.
As SMEs make up 90% of the world's businesses, many face operational and technical challenges when receiving and paying abroad. The Tranglo Business platform will benefit non-payment providers such as e-commerce traders, local vendors with regional suppliers and customers.
The service aims to solve this by using a proprietary single-interface technology to help businesses liberate their global payment processes and keep costs low, allowing them to scale their growth.
CEO of Tranglo Group, Jacky Lee, said in a statement that Tranglo was developed to “help enterprises address their payment pain points. Our aim is to help them choose the most cost-effective way to send and receive money without sacrificing speed and security.”
“As part of our guarantee of excellence, customers need to complete an onboarding process in Singapore before they can access Tranglo Business and its full suite of features."
Tranglo Business provides an all-in-one business payment solution from FX and wallet management to multi-currency support and AI-assisted compliance screening. Customers can customise their payments using intelligent routing, API integration, and even approval management for different users.
It also offers volume discounts and special rates, while full transaction reports can be generated to ease reconciliation and account keeping. A dedicated support is accessible 24/7.