TranSwap Releases Cross-border Payments API

Singapore-based TranSwap has launched its proprietary platform to help SMEs streamline their payment processes and seamlessly make FX payments at the most competitive rates. 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.

TranSwap 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 fulfill payments overseas at the lowest cost efficiently.

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