Ripple Acquires 40% Stake in Asia’s Leading Cross-Border Payments Specialist, Tranglo

This article was first published on Insights – Ripple
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Ripple has agreed to acquire 40% of Asia’s leading cross-border payments specialist Tranglo. This partnership enables Ripple to meet growing customer demand in the region and expand the reach of RippleNet’s On-Demand Liquidity (ODL) service — which uses the digital asset XRP to instantly send money and reduce working capital needs. 

As a pioneer for cross-border payment services, Tranglo will play a critical role in supporting existing corridors — such as the Philippines — and introducing new ODL corridors within its current network. As Ripple broadens its ODL footprint in the region, RippleNet customers using ODL will also be able to leverage Ripple’s Line of Credit to free up working capital and scale cross-border payments into more markets than ever before. Tranglo will continue to provide and expand its current payment services to make cross-border transactions faster, cheaper and more secure for its customers.

Southeast Asia’s payments landscape is highly fragmented. Each country comes with its own unique process and payments infrastructure — the lack of a standard integration for regional cross-border payments currently requires expensive workarounds. This partnership will see both companies combine their in-depth local expertise to address the challenges associated with cross-border payments.

Ripple’s investment in Tranglo is a reflection of the company’s deepened commitment to enriching the payments ecosystem in Southeast Asia, the fastest-growing region for RippleNet adoption. Last week, the company announced Brooks Entwistle as Managing Director of Southeast Asia to lead and scale its SEA operations. 

“Tranglo has always prided itself on making cross-border transactions faster, cheaper and more secure. By partnering closely with Ripple and introducing On-Demand Liquidity to new markets, we aim to further that ambition to provide accessible and equitable financial services to the masses,” explains Jacky Lee, Chief Executive Officer at Tranglo. 

“Tranglo’s robust payments infrastructure coupled ...

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