UniTeller Grows Remittance Network Across APAC

The U.S. based cross-border and remittance payments processor is extending its remittance services to more customers in the Asia Pacific under a partnership with Tranglo.

UniTeller has announced a partnership with Tranglo to further expand its services in 13 Asia Pacific markets, including Bangladesh, India, Indonesia and Nepal.

The partnership will add more than 58,000 cash pick-up points, more than 1,100 account deposit banks, and nine e-wallet platforms to its existing paying network of 90,000 paying locations in the region, according to an announcement on Thursday.

UniTeller CEO Alberto Guerra said the partnership is a great step forward in the company’s expansion plan for the Asia Pacific this year.

Founded in Malaysia in 2008, Tranglo operates a cross-border payment hub that provides smart services for mobile airtime top-ups, as well as foreign remittance and business payments.

Earlier this year, Ripple acquired a 40-percent stake in Tranglo, to allow the blockchain payments company to meet growing customer demand in APAC, one of the fastest-growing regions for RippleNet. As such, UniTeller’s partnership with Tranglo also gives it access to RippleNet.