Case Study: bKash achieves compliant multi-channel payment support with TransFi

bKash powers 11M daily transactions with TransFi

The customer, bKash, is a major mobile financial services provider in Bangladesh, operating in a market dominated by mobile wallet transactions but with strict regulations against cryptocurrency. Their challenge was to provide a comprehensive payment solution for businesses that needed to accept both local mobile payments like bKash and Nagad, as well as compliant international payment methods, all while navigating the legal restrictions on crypto. They partnered with the vendor, TransFi, to leverage its multi-channel payment gateway services.

TransFi implemented a unified payment solution through its TransFi Checkout and BizPay products. This allowed businesses to accept local MFS payments, cards, and compliant international collections through a single integration. The solution provided a streamlined, legally sound method for businesses and freelancers to receive foreign payments in fiat currency, simplifying the payment process and expanding their customer reach without the overhead of managing multiple separate providers.

bKash