Cross-border payment hub Tranglo has expanded its services into the Gulf Cooperation Council (GCC) region by launching in Oman, Qatar, and Bahrain.
This move aims to address the rising need for efficient remittance services in the GCC region, a major player in the global remittance market.
With this expansion, Tranglo’s payment solutions will be available to over 31 million migrant workers, mainly from South and Southeast Asia, who rely heavily on remittances to support their families.
Tranglo’s new services include a cash pick-up option, allowing near-instant collection in Omani Rial (OMR), Qatari Riyal (QAR), and Bahraini Dinar (BHD).
This option is also now available in the UAE, where Tranglo launched operations in 2023, enabling direct transfers to bank accounts.
Jacky Lee, Group CEO, Tranglo said,
“The entry into Oman, Qatar, and Bahrain, is evidence of our dedication to building a more inclusive and connected world. The GCC region has a unique remittance landscape, with millions of workers relying on safe, cost-effective cross-border payments to support loved ones back home.
Our expansion in these countries will streamline financial access and strengthen our commitment to providing solutions that make sending money simpler and more affordable.”
This article first appeared on fintechnews.my
Featured image credit: Edited from Freepik
