Cross-border payment hub Tranglo has enhanced its payment solution with a new user interface (UI), a self-onboarding experience, and new fixed transaction rates.
Tranglo Business, the all-in-one payment solution, is designed to help small and medium-sized enterprises (SMEs) overcome cash flow challenges. By introducing the enhanced version, Tranglo is aiming to create a more inclusive financial ecosystem that supports SME growth across over 60 countries.
SMEs represent over 90 per cent of businesses and contribute significantly to employment and GDP worldwide. However, many of them face persistent disruptions due to late payments, inefficient payment systems, and high transaction costs. These challenges limit business growth, disrupt supply chains, and create financial bottlenecks that hinder long-term sustainability.
Nearly two-thirds of SMEs cite late payments as a major obstacle, while 55 per cent of large organisations admit to delaying supplier payments beyond agreed terms. According to a World Bank study, the average global remittance cost is 6.2 per cent per transaction, further straining business profitability.
Recognising these challenges, and as businesses increasingly expand across borders, Tranglo’s solution aims to streamline payment processes and improve financial predictability, giving businesses of all sizes greater control over their cash flow.
Jacky Lee, CEO of Tranglo Group, commented: “SMEs are the driving force of global economic growth, yet cash flow challenges remain a persistent barrier. With our new UI, seamless onboarding, and fixed rates, we are creating a more inclusive financial ecosystem that supports SME growth.”
Tranglo Business caters to corporations of all sizes, particularly non-money services businesses, including academic institutions, goods and services providers, import/export traders, tourism and e-commerce businesses, global freelancing and outsourcing platforms, and gig workers.
Tranglo Business enables instant payments, real-time FX rates, and multi-currency transactions, helping businesses maintain liquidity and adapt to changing market demands. With 80 per cent of transactions processed instantly and 24/7, SMEs can access funds when needed. Fixed transaction rates eliminate the unpredictability of fluctuating fees, allowing for better financial planning.
