Ripple’s partner and cross-border payment hub Tranglo on Monday said direct-to-wallet cross-border payment solution is now live. The new payment solution is a game changer for remittance partners providing an 8 times increase in transactions, as reported by early eWallet adopters.
Ripple Partner Tranglo’s Direct-to-Wallet Transfers
In a press release on April 8, fintech specialist Tranglo announced enabling instant and direct transfers to more than 30 eWallets. It’s a major expansion of its cross-border payment network.
The direct-to-wallet transfers make remittances more accessible and instant by eliminating the need for intermediaries. Tranglo asserts the move benefits millions of rural recipients, who often lack access to traditional financial institutions. The direct-to-wallet cross-border payment solution remains open 24/7 and is a reliable and convenient alternative.
“Our data shows that cross-border transactions to eWallets have doubled since 2021. Across the board, eWal
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