Tranglo Offers Payment Services to UAE Banking Network

Ripple's (XRP) investment partner Tranglo, the cross-border payment specialist, has opened a new payment corridor to the United Arab Emirates. The company announced that it can now offer quick fund transfers to the UAE thanks to a single integrated partnership with the country's banking network. 
"UAE is now part of the Tranglo Connect network offering instant payments to the second largest Arab economy," tweeted Tranglo.

"Payment security is ensured via validation of the beneficiary's details against the Emirates ID, passport or GCC national ID," stated Tranglo.

Commenting on the development, Jacky Lee, CEO of Tranglo, said, "In 2013, we helped Etisalat launch UAE's first international airtime transfer, benefiting millions of people. Today, our latest payment corridor will benefit many more seeking to remit funds to the country."

He continued, "After months of fine-tuning our API connection and interbank switching protocols, we are confident that our cross-border business partners can now offer unbeatable value to their customers."

The UAE, the second largest economy in the Arab Gulf, is one of the top remittance senders and receivers in the world.

According to the company, "this latest offering is part of Tranglo's Middle East expansion programme, which focuses on infrastructural investment and network building to add supplementary channels with huge growth potential."

Source: DailyCoin