20 February 2018
visit www.ebaday.com

Transpay launches international money transfer network

10 February 2015  |  3092 views  |  0 Source: Transpay

Transpay today announced the worldwide launch of a new platform that enables businesses of all sizes in the U.S. and overseas to send low value funds within minutes to a recipient’s bank account via a proprietary direct bank transfer network in more than 100 countries across Asia, Latin America Europe and Africa.

The sophisticated platform finally provides a solution that allows businesses to bypass the antiquated bank wire system when sending cross-border payments. With Transpay, senders don’t have to worry about collecting complicated bank wire details or receiver bank accounts. Businesses can log onto Transpay’s secure site and send money to a bank account thousands of miles away in seconds, reducing costs and improving transfer time of cross-border payments to freelancers, contractors, developers, suppliers and more.

“Businesses need a more efficient and easy way to send funds globally,” says Nagarajan Rao, Senior Vice President of Transpay. “Traditional wire transfers, international prepaid cards and e-wallets are an expensive and often slow way of moving money around the world. We’re addressing a core need of businesses of all sizes, making cross-border payments simpler than ever before.

“Another unprecedented way in which our Mass Payout Solution simplifies payments is that technology integration is not required and there are no complex regulatory hurdles or cumbersome beneficiary registration processes,” says Rao.

Transpay’s new platform delivers funds quickly, and in some cases the money is available in minutes. As importantly, Transpay has a distinct cost advantage over traditional wire transfers and international prepaid cards. And, unlike sending to an e-wallet, this new platform enables direct transmission into the recipient’s bank account, all with the very best foreign exchange rates and minimal fees.

Transpay, a disruptive international payments platform, is always striving to offer a better user experience via its mature cross-border payments network that delivers funds to recipients in developed and emerging countries in a reliable, compliant manner.

“This new service delivers functionality to small businesses that’s normally seen only in payments systems used by much larger corporations able to undergo an IT integration process,” says Rao.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsVisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11662 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9271 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9105 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7757 views comments | 13 tweets | 11 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7173 views comments | 19 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job