Tranglo has helped Alliance Bank Malaysia Bhd double the remittance usage of its mobile remittance app, Cash2Home, for the Indonesian and Philippine corridors in just one year.
The bank first turned to Tranglo’s cross-border experience and network to boost its money transfer options in August 2018. Tranglo’s superior technology, infrastructure and network, along with competitive rates for multiple corridors, have made remittance via Cash2Home faster, simpler and more secure.
Tranglo chief executive officer Jacky Lee said: “Tranglo has always adopted creative solutions to challenges. That is why we are proud that Alliance has seen consistent results and tremendous growth numbers since working with us. Our coverage and expertise will ensure that Cash2Home continues to expand rapidly in the region and beyond.”
“Tranglo’s seamless cross-border payment solution helps provide the employees of our business-owner clients with better remittance rates, especially for the Indonesian and Philippine corridors,” said Alliance group chief executive officer Joel Kornreich.
“The attractive rates, coupled with Cash2Home’s simple, convenient and secure features, make it an attractive remittance service for many of our customers,” he added.
Launched in June 2017, Cash2Home is Alliance’s mobile remittance app for foreign workers that offers competitive rates and prepaid reload services. It currently supports nine Asian currencies, and is available in six languages.
About Tranglo
Tranglo is a cross-border payment hub with a proven track record in business payment, foreign remittance and mobile payment solutions. Founded in 2008, we have offices in Kuala Lumpur, Singapore, Jakarta, Dubai and London. Our global network spans more than 100 countries, 2,500 mobile operators, 50 billers, 1,300 banks/wallets and 130,000 cash pickup points. To find out more, visit www.tranglo.com, LinkedIn, Facebook or Twitter.
About Alliance Bank Malaysia Bhd
Alliance Bank Malaysia Bhd and its subsidiaries, Alliance Investment Bank Bhd and Alliance Islamic Bank Bhd, are a dynamic, integrated financial services group offering banking and financial solutions through its consumer banking, SME banking, corporate and commercial banking, Islamic banking, investment banking, and stockbroking businesses. The Group provides easy access to its broad base of customers throughout the country via multi-pronged delivery channels which include retail branches, Privilege Banking Centres, Business Centres and Investment Bank branches located nationwide, as well as mobile and Internet banking.