FinTech Platform TranSwap Revolutionises Cross-Border International FX Payments with Launch of Proprietary API

SINGAPORE - Media OutReach - 26 November 2018 - Singapore-based cross-border payments company
TranSwap has launched its proprietary platform to help SMEs streamline their
payment processes and seamlessly make FX payments at the most competitive
rates. As SMEs are increasingly transcending geographical borders and going
global, TranSwap's platform allows businesses to make payments to over 45
countries. SMEs can also choose to integrate with TranSwap's API for full
automation of multiple transfers.


helps businesses to seamlessly manage and execute payments globally while
reducing FX costs and complexity. The FinTech platform offers the most
competitive rates through its proprietary online transaction portal and wide
network of FX Partners to enable businesses to fulfil payments overseas at the
lowest cost efficiently.


is an onboarded Value-Added Service (VAS) Provider on the Networked Trade
Platform (NTP)


Cross-border payments provided
by TranSwap are now available on the NTP VAS listing. As a NTP VAS provider,
TranSwap is part of the vibrant trade ecosystem that is the NTP -- a Singapore Government
initiative. TranSwap offers importers and exporters seeking to make payments
internationally a cost-effective and convenient solution.


Commenting on the launch, Mr Benjamin Wong, co-founder and CEO of

an industry valued at over US$ 500 billion, coupled with the rise of fintech
and increasing business adoption, cross-border remittance industry is poised to
be the next big thing in Singapore, where businesses are constantly looking for
alternative ways to make international payments.


the launch of our proprietary API, TranSwap helps businesses remit funds across
borders easily and quickly. Our online platform helps businesses to seamlessly
manage and execute payments globally while reducing FX costs and complexity. I've
seen how businesses are often exposed to slow and costly transfers. Our aim is
to make your money transfer cost-effective and convenient."


in 2017, TranSwap has now offices in Singapore, Hong Kong, Malaysia and
Indonesia, and have plans to have presence in the United Kingdom, Europe, and
other countries in the Asia Pacific region. Soon, TranSwap will be able to
process all major currencies to over 60 countries. Currently, TranSwap customers
can send money to more than 45 countries.


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