Tranglo sees a 1,729% boost in processed transactions, nearing $1 billion.
Ripple partnership plays a crucial role in Tranglo’s success story.

As per a recent report by The Edge Singapore, Tranglo, a pivotal partner in Ripple’s On-Demand Liquidity (ODL) system, has experienced a staggering 1,729% growth in processed transactions, inching close to the $1 billion mark. Collin Brown also amplified the story via a tweet, emphasizing the burgeoning momentum of the Ripple ecosystem.

Ripple’s On-Demand Liquidity (ODL) partner, Tranglo, powers up with an astonishing 1,729% growth in processed transactions, reaching nearly $1 billion! This success story showcases the unstoppable momentum of Ripple’s ecosystem! #Ripple #XRP pic.twitter.com/yIC6IqJgil

— Collin Brown (@CollinBrownXRP) September 20, 2023

Initiating as a local cross-border payment entity in Malaysia, Tranglo swiftly transformed into a global remittance provider. At the heart of this transformation lies Tranglo’s people-first strategy. Jacky Lee, the group CEO, shared insights into how the firm’s growth stemmed from catering to specific individual needs, like international airtime top-up services. By 2015, the shift to cross-border payments was in full swing, with affordability at its core. Their strategic partnership with Ripple proved instrumental in their success narrative.

Furthermore, Tranglo’s people-centric tactics aren’t just rhetoric. This methodology facilitated the company’s expansion even in the face of adversities such as the 2015 oil crash. From processing $1.3 billion in 2018, their transactions swelled to $3.3 billion in just four years. Come 2023, the company has already reported $2 billion transactions in the first half.

Jacky Lee, after assuming the role of group CEO in 2018, underscored the importance of an assorted workforce. He believes that genuine innovation stems from varied perspectives, emphasizing that Tranglo’s inclusive work environment is a major contributor to their success. Underpinning this sentiment are reports from McKinsey & Company, which suggest that gender diversity leads to substantial business growth.

Prioritizing Reliable Technology and Genuine Partnerships

In an age dominated by digitalization, Tranglo stands out by emphasizing trust through technology. Jacky highlights their focus on cybersecurity to ensure people’s trust in their services. Their proprietary technology has constantly evolved, with a recent venture aiming to enhance user experience while maintaining robust functionality.

Partnering based on shared vision rather than mere practicality is another hallmark of Tranglo. This approach has led to collaborations aimed at enhancing financial accessibility for marginalized communities. Their recent liaison with Ripple’s On-Demand Liquidity (ODL) service is a testament to this, with ODL transactions skyrocketing from $53 million in 2021 to a whopping $970 million in 2022.

Having maintained a 20% year-on-year growth in partnerships since 2008, Tranglo’s genuine collaborations have carved a unique niche in the global payments landscape, paving the way for a more inclusive financial world.

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Filed under: Bitcoin - @ September 21, 2023 6:14 am