Transpay CEO Shares Strategies for Growing Digital Economy

Transpay CEO Shares Strategies for Growing Digital Economy

January 18, 2016

With Bangladesh ranking in the top ten countries for outsourced and freelancer talent, recently Transpay’s CEO Samish Kumar  addressed bank partners in Dhaka with strategies for further growing the burgeoning digital economy in Bangladesh.

New York-based Transpay is a B2B/B2P payments platform that powers international payments for global marketplaces and freelance platforms. The synergy between Transpay’s service and Bangladeshi freelancers is strong, says Kumar.

“With more and more Bangladeshi freelancers indicating their desire and preference to receive project payments directly to their local bank accounts, Transpay offers the world’s largest, independent direct-to-bank payment network, including more than 60 local Bangladeshi banks,” Kumar said.

Visiting Dhaka, Kumar met with bank partners to discuss the positive impact the online workforce is having on the Bangladesh economy and how Transpay is simplifying the process of getting paid globally.

“Bangladeshi freelancers provide services to businesses around the world via freelancing platforms, and Transpay is removing the friction of getting paid quickly, securely and cost-effectively,” said Kumar.

Read Also: Bangladesh – The Next Global ICT Destination

Bangladesh is in the top ten countries globally for freelance work, according to the Elance-Odesk Online Work Report. The country has more than 550,000 freelancers, ranging from affiliate marketers, web developers, graphic designers and writers/rewriters.

Recently, Kumar met with Her Excellency Sheikh Hasina, Prime Minister of the Government of the People’s Republic of Bangladesh in New York. Kumar’s visit to Bangladesh is another step in affirming the company’s support for the freelancing community.

“Transpay is proud to be a part of the Bangladeshi community,” said Kumar, who added that today’s meetings would emphasize to bank partners the strength and potential of the local freelancer market.

“Through our local Bangladesh presence and best-in-class technology solutions, we are contributing to the vitality of the freelancing community in Bangladesh,” said Kumar.

Regulated and licensed as a payments institution in 70+ jurisdictions, Transpay is a Fintech leader that provides companies with a secure and compliant process to ensure safe money movements.

To learn more about how Transpay is enabling secure and cost-effective cross-border payments for business, visit transpay.global.

About Transpay

Transpay, headquartered in New York City, is a B2B/B2P cross-border payments platform with the world’s largest, independent payment network worldwide. The company’s platform uses robust end-to-end technology to enable instant transfers across our global proprietary network. Funds are delivered in local currency either to a recipient’s bank account, digital wallets or a preferred cash pick up locations. Transpay is backed by GCP Capital Partners, a $1.8 billion private equity fund led by top investors in the payments industry.

Transpay makes the complex global payments landscape user-friendly with secure, fully compliant, easy-to-use solutions.  For more information, visit https://www.transpay.global.

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