PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Unimpeded by SEC Lawsuit, Ripple Is Set to Supercharge Southeast Asia’s Cross-Border Remittances

By Steve Murphy
April 6, 2021
in Analysts Coverage, B2B Payments, Blockchain, Commercial Payments, Cross-border Payments, Debit, Digital Assets & Crypto, Emerging Payments, P2P Payments, Partnerships
0
0
SHARES
0
VIEWS
Share on LinkedIn
Cross-Border Payments

Readers of these pages and the x-border payments topic may recall a recent posting here that discusses blockchain in the space, including the company in the subject posting today at KrAsia.  It seems that Ripple is having some success in the Asia Pacific region with remittances using their blockchain network and XRP cryptocurrency.  

Therefore they went ahead and agreed to acquire a Malaysian company named Tranglo that specializes in cross-border payments.  Readers may also know that in the U.S. Ripple has some challenges with the SEC regarding the definition of XRP as a security versus a currency.

‘Blockchain payments firm Ripple, which is known for helping develop digital currency XRP, has acquired a 40% stake in Malaysian cross-border payment startup Tranglo to gear up for its expansion in Southeast Asia, the firm announced on its website on March 30. The investment took place even as Ripple has an ongoing legal fight with the Securities and Exchange Commission (SEC) in the United States….Although it is unclear whether the acquisition is going to be realized in cash, equity, or via cryptocurrency, the partnership allows Ripple to capture burgeoning demand of cross-border remittance in the region and expand the reach of its On-Demand Liquidity (ODL) product, which uses XRP as a medium of exchange to facilitate cross-border money transfers.’

We recently also wrote member research on the B2B x-border space, but this particular acquisition is more about expanding access to the consumer cross-border landscape across Asia, where Ripple seems to be able to expand despite U.S. challenges.  

The B2B challenge for decentralized cryptos with highly volatile floating FX is that corporates and banks shy away, given the regulatory scrutiny and risks.  That is why stable coins (and now CBDCs) are gaining adoption in blockchain scenarios.  It does not seem to be a hindrance in APac for these B2C or P2P transactions however. 

‘With an extensive payment network in more than 100 countries and offices in Singapore, Jakarta, Dubai, and London, Tranglo’s steady reach will add fuel to Ripple’s ambitions in the region. The blockchain payment firm’s transactions in Southeast Asia increased tenfold in 2020….Tranglo, which was founded in 2008, also secured a partnership last year with Alipay and WeChat Pay’s Hong Kong service, enabling users to transfer money back to Indonesia and the Philippines. As of September 2020, Tranglo has processed USD 6.91 billion worldwide, according to the company’s website….“This [partnership with Tranglo] allows Ripple to strengthen its foothold in the cross-border payments industry in Asia, where there are many countries that suffer from a lack of liquidity and very large spreads in their respective currency markets,” Popli said.’

Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: B2BBlockchainCross-Border PaymentsP2PPartnershipsRipple

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Secured Credit Cards, Biometrics Integration Smart Cards, digital banking transformation

    Turning Digital Banking Into a Lending Opportunity

    November 13, 2026
    ai synthetic identity fraud

    Identity Crisis: The AI-Powered Rise of Synthetic Identity Fraud

    November 12, 2026
    first-party fraud prevention

    How Automation Is Changing the Fight Against First-Party Fraud

    November 11, 2026
    agentic payments governance

    From Know Your Agent to Govern Your Agent: Building the Control Layer for B2B Agentic Payments

    November 10, 2026
    merchant management APIs

    How Merchant Management APIs Are Streamlining Operations

    November 9, 2026
    digital wallet threats

    Why Digital Wallet Security Is Becoming More Complex

    November 6, 2026
    faster payments, Synchrony

    Just How Large Is the Potential Market for Stablecoins?

    November 5, 2026
    agentic commerce strategy

    Will There Be a First-Mover Advantage in Agentic Commerce?

    November 4, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result