Currencycloud partners with TangoPay to improve remittance service

The partnership will improve the speed and value of remittances

Currencycloud, a foreign exchange fintech, has partnered with UK-based TangoPay to improve its existing remittance service.  

UK-based customers can now expect a shorter transaction time, lower fees, real-time exchange rates and more payment options. 

The partnership also gives TangoPay access to an extensive range of services that enables the company to tailor payment services to customers’ needs. 

Said Basir Sangerwal, chief executive officer and founder of TangoPay, commented: “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.”  

He added: “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.”  

Founded in 2012 and bought by Visa in 2021, Currencycloud has processed more than $200bn to more than 180 countries. It works with banks and fintechs around the world, including Starling Bank, Revolut and Lunar.  

Based in London, Currencycloud also works with partners including Integrated Finance, GPS and Mambu to deliver cross-border infrastructure solutions for clients.  

Said Aleks Stefanovski, chief strategy officer at Currencycloud, said: “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 has 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.” 

Image: Canva  

Josh Poyser Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.