Currencycloud has announced a partnership with TangoPay, a FinTech aiming to enhance its remittance services for UK-based expat customers.
This collaboration will introduce real-time competitive foreign exchange (FX) rates and additional localized payment options, elevating the remittance experience for users.
The essence of this partnership lies in the mutual goal to improve operational efficiencies and tailor payment services to the specific needs of customers. Currencycloud’s advanced APIs will empower TangoPay to significantly enhance its remittance services, offering customers reduced transaction times, lower fees, real-time exchange rates, and a broader array of payment options.
Currencycloud specializes in offering solutions that simplify business transactions in a multi-currency context, leveraging technology to provide services that cater to the complex needs of global businesses. On the other hand, TangoPay focuses on leveraging FinTech innovations to meet the diverse needs of the UK’s expat community, ensuring financial inclusion and ease of global payments.
This collaboration marks a significant milestone for both companies. TangoPay, by integrating Currencycloud’s services, is now able to bypass traditional foreign exchange methods, which, while effective, limited scalability and the variety of payment options available. This integration has enabled TangoPay to offer an expanded and more customized service portfolio to its clients, fulfilling its mission of facilitating financial inclusion.
Furthermore, the partnership is celebrated by both parties for its potential to make a substantial impact on financial inclusion. TangoPay’s app, which benefits from Currencycloud’s integration, is now available for download on both Google Play Store and the App Store, marking a pivotal step towards achieving their shared vision of enhancing global remittance services.
Basir Sangerwal, CEO and Founder of TangoPay, praised the partnership, stating, “Currencycloud is an excellent fit for TangoPay. Before our integration we relied on traditional foreign exchange methods, which were effective but limited our scalability and the range of payment options we could offer. These limitations made it harder to meet the evolving needs of our global customer base.
“We have rapidly integrated with Currencycloud, using their APIs to add new features and services for our clients who now benefit from a more extensive and tailored service, while we are fulfilling our mission of being a true catalyst for financial inclusion.”
Aleks Stefanovski, Chief Strategy Officer at Currencycloud, also expressed enthusiasm about the collaboration: “Since their launch, TangoPay has focused relentlessly on financial inclusion, making it easy for UK’s expat community to make payments to friends, family, and businesses globally. By choosing to integrate with Currencycloud, TangoPay have made that inclusion even more of a reality by offering competitive real-time FX and fast transactions, which bring clarity, value, and speed to global remittances. We are delighted to be part of their vision and mission.”
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