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Ripple-Backed Tranglo to Facilitate Payments Between Australia, China and SE Asia

Malaysia-based cross-border payment specialist Tranglo, in collaboration with OmiPay, is about to launch transnational payments and remittances from Australia to China, Vietnam, Southeast Asia, and etc.

Tranglo will be supporting OmiPay when implementing payment corridors into China, Vietnam, Phillippines and Indonesia. Moreover, the two companies are working together to offer an affordable and accessible cross-border payments service to Australian users.

It has been revealed that Ripple acquired a 40% stake in Tranglo in late-March 2021. Tranglo now utilizes the ODL service of RippleNet, a network of institutional payment-providers that use solutions developed by Ripple, for XRP-based transactional payments.

Currently, Tranglo and OmiPay are looking to extend their services to international students seeking cost-efficient and convenient ways to pay off their tuition fees at Australian colleges.

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