Payoneer
68 Case Studies
A Payoneer Case Study
Tech Cloud Ltd., led by Managing Director Sheikh Jafar Tarique, is a Dhaka-based IT outsourcing firm (image editing, web development, SEO) serving mainly US and European clients. The company faced slow cross-border payments—bank transfers and SWIFT updates often took 3–7 days—creating cash-flow friction for paying vendors and a 300-person payroll.
Tech Cloud adopted Payoneer’s Global Payment Service to provide clients local bank-transfer options via foreign-currency accounts (US, Eurozone, UK, Canada). As a result payments process much faster, business payment volume runs about $80–100K/month, payment growth has risen 35%, and cross-border transactions are simpler and more reliable.
Sheikh Jafar Tarique
Managing Director