Singapore 27 February 2025 – Tranglo, a leading cross-border payment hub, has launched an enhanced version of Tranglo Business, an all-in-one payment solution designed to help small- and medium-sized enterprises (SMEs) overcome cash flow challenges.
The latest version introduces a new user interface (UI), seamless self-onboarding experience, and fixed transaction rates. Covering more than 60 countries, the solution aims to streamline payment processes and improve financial predictability, giving businesses of all sizes greater control over their cash flow.
SMEs are the backbone of the global economy, representing over 90% of businesses and contributing significantly to employment and GDP worldwide. Yet, many SMEs 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% 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 transaction, further straining business profitability. As businesses increasingly expand across borders, the need for faster, cost-effective, and seamless payment solutions has become more pressing
Tranglo Business caters to corporates 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
Designed for speed and efficiency, 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% of transactions processed instantly, and 24/7, SMEs can ensure funds are available when needed. Fixed transaction rates eliminate the unpredictability of fluctuating fees, allowing for better financial planning. The new self-onboarding feature enables users to start transacting with ease. The upgraded UI delivers a more intuitive and seamless cross-border payment experience
Tranglo Group CEO Jacky Lee said: “SMEs are the driving force of global economic growth, yet cash flow challenges remain a persistent barrier. At Tranglo, we are committed to empowering businesses with faster, more transparent payment solutions. With our new UI, seamless onboarding, and fixed rates, we are creating a more inclusive financial ecosystem that supports SME growth
