SINGAPORE – Media OutReach – 26 January 2021 – TranSwap, a home-grown cross-border payments
platform, has been awarded Outstanding SME Cross-Border FX Platform at
FinTech Awards 2020, organised by ET Net Hong Kong.
Held on 11 January 2021, FinTech Awards recognises
firms for their business innovation and excellence in the financial services
industry. TranSwap is one of three awardees in the FX and Payment Solutions
category — the second time that TranSwap had won an award for Outstanding SME
Cross-Border FX Platform following its achievement in 2020.
This marks a momentous milestone for TranSwap, as
the firm whose efforts to drive convenience, efficiency and transparency throughout
the cross-border payments experience, have been recognised at numerous FinTech
awards over the years. TranSwap’s recognition comes amidst an evolving
landscape where a streamlined payments process is set to be a game-changer to
help SMEs scale internationally with confidence and drive global economic
recovery in a post-Covid-19 world.
Launched in 2015 with the aim to empower global
business growth and help the undeserved sector, TranSwap has transformed the
cross-border payments process by simplifying overseas payments and collections.
Through its wide network of FX partners and proprietary platform, businesses
can fulfil payments to more than 180 countries in over 120 currencies. SMEs can
choose to integrate with TranSwap’s API for full automation of multiple
transfers, allowing small transfers in large volumes to be credited directly to
beneficiaries’ wallets and bank accounts in real-time, thus improving
processing speed and optimising settlements. In addition, TranSwap’s Global
Borderless Virtual Account service allows businesses to collect payments in three
locations — United States, European
Union and United Kingdom — convert currencies and send cross-border payments
globally.
Mr. Benjamin Wong, co-founder and Chief Executive
Officer of TranSwap, said, “We are humbled and honoured to be recognised at this year’s
FinTech Awards. Since TranSwap was established in 2015, we have always strived
to help SMEs solve the pain-points of traditional cross-border payments by
streamlining the fund transfer process. Many businesses today however, still
suffer from the lack of transparency, complexity, and high transfer and
conversion rates, which translate to a cumbersome experience and impede their
ability to scale overseas. Together with our wide network of FX partners,
TranSwap hopes to continuously serve the evolving needs of our customers and
empower individuals and businesses with our cross-border payments solution.”
For more information, please visit: https://www.dropbox.com/home/TranSwap%20-%20Fintech%20Awards%202020
