This is part of Tranglo’s Middle East expansion programme, which focuses on infrastructural investment and network building to add supplementary channels with huge growth potential. Tranglo can now offer quick and seamless fund transfers to the UAE thanks to a single integrated partnership with the country’s banking network. Payment security is ensured via validation of beneficiary’s details against the Emirates ID, passport or GCC national ID. Tranglo’s direct-to-bank payout service is available 24/7 for individual senders and beneficiaries. Payments to most major banks in the UAE are processed and credited within the same day, subject to terms and conditions.
The UAE, the second largest economy in the Arab Gulf, is one of the top remittance senders and receivers in the world. In 2020, the country recorded US$42.7 billion and US$6.78 billion in remittance outflows and inflows, respectively. Tranglo helps financial institutions and businesses pay globally through Tranglo Connect, its proprietary cross-border payments solution. It integrates payout and partner services seamlessly, unifying the end-to-end payment process with direct API access. With Tranglo Connect, companies can immediately make payments to over 25 countries reliably and securely.