Bank Asia Limited partners with Inpay to offer remittances collection in 8 European countries for transfers to Bangladesh.
Nov 27th, 2018
Bank Asia Limited is set to launch its new own-branded online money transfer service, a web platform powered by Inpay aimed at facilitating remittances from European countries to Bangladesh.
The service will allow Europe-based remitters to send money online, directly from their respective bank accounts, without the need to visit bank branches or other physical facilities.
To this effect, an agreement was signed between BA Exchange (UK) – a venture of Bank Asia Limited – and Inpay A/S, a cross-border payment service provider headquartered in Denmark.
Chief Executive Officer (CEO) of BA Exchange – ABM Kamrul Huda Azad – and Inpay’s Asia Pacific Regional Director – Stan Cole – signed the agreement on behalf of their respective organizations on Sunday, November 25th, 2018 at a ceremony held at the Bank’s headquarters in the capital Dhaka.
The Inpay – Bank Asia partnership is the first of its kind in Bangladesh – one of the biggest remittance markets globally – and is a step forward in the shared vision of financial inclusion.
Oct 18th, 2018
This year, Sibos, the world’s premier financial services event is held in Sydney between 22nd and 25th October.
Inpay is sending a team of 7 experts to represent the company at our stand D59.
Inpay’s unique global payments network delivers real-time cross-border transactions in 60+ countries and enables banks to fend off any FinTechs targeting their customers’ cross-border payments while the bank simultaneously improves efficiency, generate new revenue streams and increase their customers’ satisfaction.
To learn more about our SWIFT Alternative, our Collection Gateway and our four Bank Branded FinApps come meet Inpay’s expert team at D59.
Inpay, Empowering Banks.
Jul 19th, 2018
RAKBANK partners with INPAY – a European Fintech remittance service provider – to offer customers the lowest remittance fees in the market when transferring Euros to 25 European nations a charge of 25 UAE dirhams per transfer through RAKMoneyTransfer.
Likewise, it allows customers to send money via the digital banking platform and from any one of the Bank’s 38 branches, where the Euro is credited directly to the beneficiary’s bank account on the same day with no hidden corresponding fees or backend charges.
“RAKBANK is expanding its global presence and the Bank’s remittance footprint into the European corridor through this strategic partnership with INPAY in order to offer customers a seamless banking experience with the new and enhanced remittance services. This will enable our customers to make secure, faster and convenient Euro transfers to 25 European nations.” Said Geoff Stecyk, RAKBANK’s COO.
“Currently we are witnessing a shift in the way people are remitting money abroad and for that reason; we enhanced the customer’s money transfer journey with RAKBANK. Customers can now remit money using their RAKBANK account or credit card. At RAKBANK, we believe that we can achieve great value proposition for our customers through strategic collaborations with FinTech’s rather than competing with them,” he added.
INPAY’s Founder & CEO, Jacob Tackmann Thomsen, said: “This partnership with RAKBANK, one of the most digitally advanced banks in the UAE, demonstrates INPAY’s relevant crossborder payments offering to financial institutions globally. We see this as an excellent example of how INPAY as a FinTech company enables its bank clients such as RAKBANK to provide their customers with even better services and do it at a go-to-market speed that was previously impossible.”
Feb 21st, 2018
The leading postal payments network Eurogiro A/S, has joined forces with the licensed FinTech company Inpay A/S, which will bring continuity, innovation and exciting growth opportunities to all Eurogiro members.
Michel Stuijt, CEO of Eurogiro A/S, says: “Inpay has a great track record in offering cross-border payment services and solutions to financial institutions. I am very excited to bring these benefits to all our members and place them in pole position for the future developments in the financial industry.”
Jacob Tackmann Thomsen, CEO and Founder of Inpay A/S: “Eurogiro is a very strong strategic fit with our business in which we successfully serve financial institutions. Inpay is extremely committed to ensuring the continuity and growth of Eurogiro and to bringing innovative products and services to its members.”
Moving forward, Eurogiro will continue as an independent company with its distinctive postal identity and maintain its strong postal brand while evolving into a truly global non-exclusive open platform.
Eurogiro operates a global infrastructure that enables postal organisations, banks and other financial institutions to execute cross-border payments for their customers. Eurogiro, via its members, covers more than 55 countries on the main continents. Since its establishment in 1993 by 14 European postal organisations Eurogiro has provided a stable and reliable service.
Inpay is a regulated and licensed Danish FinTech company with 50 employees, specialising in the provision of white label cross-border payment services. Based on its unique payments infrastructure, Inpay delivers real-time cross border payments in 60+ countries as well as a suite of white-label solutions to financial institutions and large corporates.
For more information, please contact:
Oct 2nd, 2017
This year, Sibos, the world’s premier financial services event is held at the Metro Toronto Convention Centre between 16th and 19th October.
Inpay is sending a team of 10 experts including our CEO & Founder to represent the company at our stand B50.
Inpay’s unique global payments network delivers real-time cross-border transactions in 60+ countries and enables banks to fend off any FinTechs targeting their customers’ cross-border payments while the bank simultaneously improves efficiency, generate new revenue streams and increase their customers satisfaction.
To learn more about our SWIFT Alternative, our Collection Gateway and our four Bank Branded FinApps come meet Inpay’s expert team at B50 – next to the SWIFT stand.
Inpay, Empowering Banks.
May 19th, 2017
Inpay will be represented by five experts covering Inpay’s core capabilities: bespoke Collections & Disbursements.
For any questions regarding Inpay’s participation on EBAday, our experts, or our solutions please contact stand coordinator and Project Manager Mary-Therese Messerschmidt on [email protected].
We look forward to meeting you.
May 25th, 2016
Our chief architect Jeppe Cramon presented the Why/What/How of Microservices at the local Danish Java Group. Read more at The Java Group.
May 19th, 2016
Our VP Global Partnerships, Banking & MTOs, Dame Damevski, participated in one the most interesting panel discussions at The International Money Transfer Conference in Barcelona: “The Rise of International Money Transfer & Payment Aggregators/Integrators: Is Wholesale/Retail, White Label/Branding an increasing reality in the industry? Is it a trend? Is this a result of technology, liquidity, regulation, investment?”.
More on the event
Apr 7th, 2016
After more than 3 years of work, we are happy to announce that our global infrastructure of local bank accounts, now covers both Qatar (the country with the highest GDP per capita in the world) and Oman (where foreign workers send an estimated US$30 billion annually to their home states). In both countries we can facilitate both collection and disbursement of funds.
Mar 22nd, 2016
Inpay is now fully incorporated in Australia and registered with AUSTRAC (Australian Transaction Reports And Analysis Centre).