Tranglo, a leading global cross-border payment hub and a partner of Ripple, an enterprise blockchain solutions for global payments has expanded its operations into the GCC ( Guld Cooperation Council) in three new markets, Oman, Qatar, and Bahrain.

As per the press release, the strategic move aims to meet the growing demand for efficient remittance services across the GCC region, one of the largest remittance markets globally.

By expanding into Oman, Qatar, and Bahrain, Tranglo’s innovative payment solutions are now accessible to over 31 million migrant workers. Remittances coming from the GCC countries amount to $120 billion and are projected to grow.

The press release notes that Tranglo solidifies its commitment to transforming remittance and cross-border transactions across the region. Tranglo entered the UAE market in 2023, enabling individuals to make direct transfers to bank accounts.

Commenting on the latest milestone, Tranglo Group CEO, Jacky Lee, said, “The entry into Oman, Qatar, and Bahrain, is evidence of our dedication to building a more inclusive and connected world. The GCC region has a unique remittance landscape, with millions of workers relying on safe, cost-effective cross-border payments to support loved ones back home. Our expansion in these countries will streamline financial access and strengthen our commitment to providing solutions that make sending money simpler and more affordable.”

At launch, individuals can send funds using the cash pick-up method, with transactions available for near-instant collection in Omani Rial (OMR), Qatari Riyal (QAR), and Bahraini Dinar (BHD). The cash pick-up option is now also available in the UAE.

Tranglo helps financial institutions and businesses pay through Tranglo Connect, its proprietary cross-border payments solution. Tranglo seamlessly integrates payout and partner services, unifying the end-to-end process with direct API access.