UPT Turkey, Tranglo team up to widen reach

  • March 15, 2019

UPT Turkey is working with Tranglo to boost each other’s cross-border payout services to stay ahead in the market.

The collaboration opens Turkey up as a new payout destination for Tranglo’s partners. This means that they can now send payout to the Middle Eastern country seamlessly. UPT Turkey, in turn, will ride on Tranglo’s regional expertise to penetrate multiple Asian countries.

UPT Turkey is the first global money transfer and payment system of Middle Eastern countries.

Tranglo Executive Director, Mohammad Gharaybeh said: “We share the same goal, which is to facilitate fast, easy-to-use and secure cross-border payout. I am confident that this tie-up will allow both brands to come up with more innovative money transfer solutions to make people benefit everywhere.”

Hakan Ozat, CEO of UPT said: “I am delighted to welcome yet another partner to UPT remittance network, especially a respected and recognisable name in Asia like Tranglo. Our strategy includes international expansion plans, which includes Asian countries. Our move to establish a collaboration with Tranglo meets UPT’s vision, objectives and ambitions towards further developments and expansion of a wider platform of remittances, and to increase and diversity of our presence in addition to tapping into new and innovative money transfer solutions. Taking our footprint and presence into a logistic financial hub like Turkey is indeed a milestone and a key step towards solidifying such a goal.”

About Tranglo

Tranglo is a cross-border payment processing hub that supports mass payout, home remittance, payment collection, business payment, bill payment and international mobile top up with offices in Kuala Lumpur, Jakarta, Dubai and London. Our service spans across more than 100 countries, serving over 250 mobile operators, 100 billers, 600 banks/wallets and 90,000 cash pickup outlets. Founded in 2008, Tranglo is a proven partner with a 10-year track record of success. For more info on Tranglo, please visit www.tranglo.comLinkedInFacebook or Twitter.

About UPT Turkey

Universal Payment Transfer (UPT), a true leader in its market, is setting its sights farther, expanding across the 5 continents, reaching 400 thousand service locations in 154 countries around the world. This extensive network has made UPT the most popular transfer system in Turkey and abroad. UPT is a new-generation payment system for sending and receiving domestic and international money transfers in different currencies for cash pay-outs and bank account payments.  A subsidiary of Aktif Bank, the biggest investment bank in Turkey, UPT differentiates itself from other money transfer systems by having a technical infrastructure based on customer satisfaction and customer-oriented services. UPT acquired its license from Banking Regulation and Supervision Agency (BRSA) on 20/06/2015 and became the first entity to obtain the license across Turkey. Please find more information on www.upt.com.tr.