rolex
SSupported by cloud hosting provider DigitalOcean – Try DigitalOcean now and receive a $200 when you create a new account!

Transpay – Simplifying Cross-Border Payouts For Digital Marketplaces

Listen to this article

Transpay is focused on simplifying cross-border payments. The company offers a payout platform which addresses the core needs of millions of recipients in the emerging & developing markets of the world. They enable platforms and marketplaces like Microworkers to send mass payouts directly to recipients’ bank accounts through the world’s largest, independent direct-to-bank network. The funds are delivered in local currency much faster than standard wire transfers or prepaid cards. Below is our interview with Nagarajan Rao, SVP at Transpay:

Nagarajan-Rao

Q: What makes Transpay a good choice? Tell us something more about the company?

A: The popularity of digital marketplaces and on-demand talent platforms is soaring, with freelancers and sellers now able to offer their services and products to a global audience. However as globalization is driving companies to conduct cross-border transactions more frequently, sending payouts globally remains a time-consuming, costly and highly regulated process. Traditional bank wires, eWallets, and prepaid cards too often come with hidden fees, lack of transparency and inexcusable lag times that are oftentimes bore by the recipient.

Transpay is focused exclusively on simplifying cross-border payments. We enable platforms and marketplaces like Microworkers to send mass payouts directly to recipients’ bank accounts through the world’s largest, independent direct-to-bank network. The funds are delivered in local currency within 1-2 days – much faster than standard wire transfers or prepaid cards.

what-is-transpay-b2b-b2p-payout Recommended: Flywire – Streamlining Large Ticket, Cross-Border Payments – For Both The Payer And The Payee

Q: What is the motto that guides Transpay’s decisions?

A: Our goal is to provide a simple and cost-effective cross-border payout platform with direct access to emerging markets. Through local currency payments we are bridging the gap in the digital economy by connecting individuals and businesses around the world.

Recommended: Founder Stories: Moneytis, A Wanderlust Startup

Q: What’s the achievement Transpay is most proud of?

A: We are proud to offer a payout platform which addresses the core needs of millions of recipients in the emerging & developing markets of the world. Our direct-to-bank network has grown tremendously in a short amount of time and we now offer more than 120 countries and 60+ currencies to our clients.

transpay-flow-how-it-works Recommended: Powered Now Helps Tradesmen Get Their Paperwork Together

Q: What can we expect from Transpay in next six months?

A: We are excited to continue to grow our network and enable payouts to challenging markets like Turkey, Brazil, China and Ukraine. We’re also continuing to work with companies in industries contributing to the digital economy, including leading online workforce marketplaces, travel booking engines and ecommerce platforms.

Q: What motivates customers to stay with the company?

A: Companies stay with us because we offer the complete payout experience under one roof – including compliance, treasury and FX – and match that technology solutions scalable for every business size.

Activate Social Media:
Facebooktwitterredditpinterestlinkedin
,
Mercedes-Benz-EQS