Microworkers_banner.png

Transpay, a cross-border payments platform that offers the world's largest, independent local bank transfer network, today announced it is enabling mass payouts for Microworkers , an international online marketplace that connects freelancers with "micro jobs." 

With more than 742,000 users worldwide, Microworkers is an innovative freelance platform for employers to post simple and quick tasks that freelancers can often complete in a few minutes.  These online jobs range from downloading applications, testing website functionalities, product tagging and various data entry jobs.

Microworkers' network of freelancers is spread across India and Southeast Asian countries such as Bangladesh, Philippines and Indonesia. With the need to send high-volume, low-value payouts, Transpay is providing Microworkers with an alternative to other fee-laden payout methods.

"For a platform like Microworkers that sends thousands of frequent, low-value payouts, traditional payout options such as SWIFT bank wires, eWallets and prepaid cards too often come with hidden fees, lack of transparency, and inexcusable lag times," says Nagarajan Rao, SVP of Transpay. "Instead, the convenience of receiving payouts directly into a freelancers' own bank account and local currency, continues to be a top preference when using online marketplaces, especially for freelancers in emerging markets."

Through Transpay's API, Microworkers is able to tap into a proprietary bank network, capable of sending payouts to over 95% of bank accounts worldwide in more than 60 currencies.

"As employers and freelancers turn to our platform for microtasks, Transpay is adding an important level of convenience to the payout process and our freelancers enjoy being able to easily access their funds in their bank accounts," says Nhatvi Nguyen, CEO of Microworkers.

 

Do You Pay International Freelancers?
Transpay's easy and cost-effective payout solutions enables businesses to pay freelancers in local currency even in the most difficult to reach markets. Schedule a demo with a product specialist to learn more.
SCHEDULE A DEMO

 

Article Categories:
Related articles
In The News

Mastercard Further Extends Payment Network with Acquisition of Transfast

  • The acquisition will enable partner banks to service consumers, businesses, governments and merchants effectively and efficiently, allowing them to send and receive...

Transpay Newsroom

Introducing the New Transpay.com: Your Business Destination for Global Payouts

We’re pleased to announce the launch of our revamped and enhanced website, offering a new experience for businesses sending payouts worldwide. We have redesigned the site...

In The News

Hubstaff: How to Pay Independent Contractors & Remote Employees

Editor's Note: This article was originally published on April 16, 2019, on the blog of Hubstaff.com, a company that provides staff monitoring through time-tracking...

Transpay Newsroom

Transpay Publishes Next “Ultimate Guide” to Local Bank Transfers

Latest Installment Explores the Digital Economy’s Dynamic Growth, Significant Role of Payouts Channel.

Subscribe to the latest updates on Newsroom.