NEW YORK, Feb. 3, 2016 /PRNewswire/ -- Transpay, a B2B/B2P cross-border payments platform, was awarded "Best e-Commerce Payment Solution" by the Kalahari Awards, in a ceremony held in Lagos, Nigeria today.
Since 2012, Transpay's platform has enabled e-commerce marketplaces and businesses to send mass, rapid payouts through the world's largest, independent direct-to-bank payment network. Transpay is licensed in 70+ jurisdictions globally, with countries such as Nigeria, Ghana and Kenya, as well as emerging markets South East Asia and Latin America, receiving a large percentage of payout volume.
"We're thrilled to receive this recognition for our technology platform and service to the banks and recipients in the region," said Nagarajan Rao, Senior Vice President of Transpay. "As our clients continue to expand into Africa, Transpay's solutions are ready to enable business to be conducted by delivering rapid payouts, directly into recipients' bank accounts or to a preferred cash transfer location."
Transpay's clients include industry leading freelance and crowdsourcing platforms, as well as ecommerce and travel marketplaces. Transpay's platform uses robust end-to-end technology, including a REST API to provide a single-point connection for real-time payouts and minimal data entry requirements. The REST API helps companies simplify the payments process with an embedded user experience.
Presented by the Remittance & Mobile Money Expo, the Kalahari Awards are given to the financial institutions, mobile money providers, card services, application providers and regulators that have made significant contribution to efforts to make digital payments and remittances more affordable, available and impacting developments in Africa.
"Transpay will continue to provide innovative and cost-effective solutions that help to reduce the inefficiencies and disintermediation that plague the payment industry," said Rao.
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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