This marks an important authorisation milestone for the company which already has licenses to operate in major Asian markets, including Indonesia, Hong Kong, and Singapore.
The new EMI authorisation allows TranSwap to provide a series of services, among others platform-as-a-service (PaaS), global payments and collections, borderless digital wallets, and cards and spend management to UK businesses.
To facilitate UK-APAC trade and investment in new technologies, British customers benefit from high-speed and low-cost access to cross-border payments and collections on the Asian market. As the same time, Asia-based clients can grow, scale, and expand their businesses in the UK competitive market and do businesses like the UK locals.
TranSwap offers high-quality and customised fintech solutions to businesses. Launched in 2017 in Singapore, it is fully regulated and licensed and its platform acts as a service solution that includes API integration. Customers opting for TranSwap can make payments in more than 180 countries and 120 currencies globally.
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