In Mali, the service supports bank transfers, allowing recipients to receive money. Credit: LALAKA/ Shutterstock.

Cross-border payments company Tranglo has further deepened its reach to seven African countries, aiming to enhance financial inclusion across the continent.  

This move supports payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia. 

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It is said that high remittance fees have traditionally impeded financial inclusion in the region.  

Tranglo’s solutions are said to be designed to reduce costs and simplify the process of cross-border transactions. 

With the expansion of its payout network, Tranglo is addressing the financial access gap, especially in regions with sparse traditional banking facilities.  

At the launch, Tranglo has enabled individuals in Ethiopia, Kenya, Liberia, Madagascar, Senegal, and Zambia to send and receive funds in their local currencies through e-wallets.  

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In Mali, the service supports bank transfers, allowing recipients to receive money. The e-wallet option has also been made available in Morocco. 

Tranglo Group CEO Jacky Lee said: “Africa’s dynamic growth in remittances and mobile adoption highlights the need for reliable and affordable cross-border payments. 

“With this expansion, Tranglo partners can now provide payout services to millions of unbanked or underserved individuals across these countries, facilitating secure access to funds for essential needs and economic growth.” 

Tranglo assists financial institutions and businesses with Tranglo Connect, its proprietary cross-border payments solution.  

This platform integrates payout and partner services, streamlining the entire payment process through direct API access. With Tranglo Connect, companies can payments to over 100 countries. 

Earlier this month, Tranglo extended its services within the Gulf Cooperation Council (GCC), launching in Oman, Qatar, and Bahrain. This expansion caters to the growing demand for remittance services in the GCC region.