Tranglo, a cross-border payment processing hub, has announced the launch of instant Single Euro Payments Area (SEPA) payments to Europe as part of its first large-scale expansion in that region .
Supported SEPA payout countries are the United Kingdom, Belgium, Croatia, Finland, Germany, Greece, Hungary, Netherlands, Portugal, Slovakia, Spain and Sweden, with more to follow.
The firm said that it expects cross-border transactions to SEPA countries to increase significantly in the coming months, especially among the increasing number of European businesses and consumers abroad looking for real-time payments.
Tranglo’s instant SEPA payout is available 24/7 and supports individual and business senders and beneficiaries. All transacting bank accounts must be identified by an IBAN.
With Tranglo Connect, its proprietary cross-border payments solution, companies can make payments to over 30 countries.
Jacky Lee
Jacky Lee, Group CEO of Tranglo said,
“We decided to launch this offering to cater to the increasing demand for instant cross-border payments.
Our business partners will be delighted to know that Tranglo Connect is integrated seamlessly into SEPA, offering more value per transaction in terms of speed and coverage.”
