“Transpay is well integrated into the local clearing systems within countries. Members are receiving payments quicker than ever before, and many times it’s within 24 hours.”
 

Bill Thomas

First Vice President of Member Operations,
United Nations Federal Credit Union (UNFCU)
Case Study: Marketplace for Freelancers

Marketplace: Freelancers

Rapid Adoption, Reduced Payout Complaints

Did you know that adding Transpay's cross-border bank deposits as another payout option for your recipients can lead to rapid adoption and reduced payout complaints? Learn how a leading global marketplace for freelancers experienced just that, and see how your company can experience the same type of success.

 

Key Results
  • 86.4% compound annual growth rate for Transpay's cross-border bank deposits from 2013-2017
  • Reduced complaints from payout recipients as service levels improved
  • Rapid adoption of Transpay's cross-border bank deposits across 35 countries, with Transpay handling 25% of total payouts for the marketplace in these 35 countries

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Case Study: UNFCU

UNFCU

Enhanced Recipient Experience

By integrating with Transpay’s Send API, the United Nations Federal Credit Union (UNFCU) enabled members to send funds directly from their UNFCU account into their M-Pesa* wallets via Transpay's cross-border payouts network. The new one-step process is saving UNFCU members time and money, as well as providing peace of mind which is central to the credit union’s purpose.

 

Key Results
  • Launched a popular and fast-growing new M-Pesa service for members sending funds to Kenya
  • More than 3x volume growth in M-Pesa transfers within 3 months of launching
  • Enhanced recipient experience

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* M‑Pesa is a registered trademark of Vodaphone. UNFCU is not affiliated with M‑Pesa or Vodaphone.

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Transpay is a service provided by Trans-Fast Remittance LLC (“Transfast”), which is a Mastercard company, or by Transfast’s subsidiaries. Transfast (NMLS ID 900705) is licensed as a money transmitter by the New York State Department of Financial Services. See here for details. The precise scope, cost, and performance of the services offered by Transfast are subject to availability and may depend on various factors and restrictions.

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