Home-grown cross-border payments platform TranSwap emerged as the winner of Excellence of Innovation for Retailing – Start-up at the inaugural Asia’s Best E-Tailing Awards 2019, organised by The Best Practice of eCommerce and partnering with Hong Kong Trade Development Council (HKTDC).

Held on 4 December 2019, Asia’s Best E-tailing Awards recognized the exceptional and inspirational accomplishments by outstanding e-tailing merchants, specialists and service providers in the region. TranSwap’s award is a recognition of its efforts to simplify and streamline cross border payments for Asian businesses. The FinTech start-up, founded by Singaporeans Benjamin Wong and Lim Kien Leong, has played a pivotal role in transforming the cross-border payments landscape in its three markets – Singapore, Hong Kong and Indonesia, and is a trailblazer with its FX payment solution for businesses.

SMEs and e-commerce companies can leverage on TranSwap’s platform to settle international payments efficiently and affordably in local currencies or US dollars, to more than 160 countries in Asia, Europe, United States and more. With the help of the platform’s streamlined and cost-effective solution, these businesses have been able to accelerate growth and internationalisation.

“We’re delighted that Asia’s Best E-tailing Award 2019 has recognised our efforts in using new technologies to solve real challenges faced by e-commerce businesses. To thrive in this era of global e-commerce, these businesses need to leverage on value-added services to increase efficiency while reducing FX complexity, and that's exactly what TranSwap does for them. We will continue striving towards greater innovation.” said Benjamin Wong, co-founder and CEO TranSwap.