SINGAPORE -�Media
OutReach�- 5 February 2020 -�Singapore-based
cross-border payments platform TranSwap today announced that it won a FinTech
Award 2019 for its efforts in delivering a secure, cost-effective and
convenient cross-border payments solution to businesses in Hong Kong. This
comes at a time when FinTech plays an increasingly important role in the
country's financial sector, and financial firms are seeking collaborative
opportunities with FinTech to accelerate innovation and excellence in the
industry. TranSwap's business-focused cross-border payments solution arrives to
fill the void, facilitating efficient and affordable inter-country fund
transfers for these companies.

Organised by ET Net Hong Kong and co-organised by
Cyberport and Hong Kong Science & Technology Parks Corporation, the award ceremony
was held on 17 January 2020. TranSwap was the sole winner for Outstanding
SME Cross-Border FX Platform in the FX / Payment Solutions category.

The award is a testament to the company's ongoing efforts to help
businesses reduce FX costs and complexity to accelerate growth and expansion
into international markets. Through understanding businesses' specific needs
and requirements, TranSwap is able to tailor its solutions to meet each SME's
needs. As an example of a significant project, TranSwap recently developed a payment
solution with API integration for seamless transfer from collection to
settlement. The solution allows small transfers in large volumes to be credited
directly to beneficiaries' wallets and bank accounts in real-time, drastically
improving processing speed and optimizing settlements, which is essential for maintaining
cashflow.

Benjamin Wong, co-founder and CEO of TranSwap, shared that "Businesses in Hong Kong can tap on our efficient,
transparent and tech-powered platform for settling their international payments
in a seamless, fast and affordable manner."