Payoneer Partners with Bank Asia to Empower Businesses and Professionals in Bangladesh and Reduce Friction for U.S. Businesses Seeking to Tap Into South Asia

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Freelancers and business owners in Bangladesh can now instantly receive international payments and withdraw their funds in local currency at low cost. Advanced payment infrastructure connects U.S. companies to wealth of talent in Bangladesh & beyond.

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Payoneer Inc., a leading online payments company transforming the way businesses send and receive cross-border payments, has partnered with Bank Asia to help Bangladeshi freelancers receive payments from international companies more quickly, easily and cost-effectively. Payoneer’s new online payment gateway opens up local bank withdrawals in Bangladesh, which enables U.S. companies to tap into talent from Bangladesh in a way that was not previously possible. By using Payoneer’s payment services, freelancers and business owners can receive payments for services provided internationally directly to their Payoneer account in U.S. dollars and then transfer these funds to their bank account in Bangladesh in a fast, efficient and low-cost way.

Bangladesh is the third-largest freelance market in the world. The country’s estimated 500,000 freelancers – including writers, designers, developers, photographers and more – needed an easier way to receive payments for their services from international companies.

“Our goal is simple – to give both professionals in Bangladesh and U.S. businesses the tools they need to connect,” said Scott Galit, CEO of Payoneer. “Payoneer and Bank Asia both aim to provide modern and innovative financial services that enable the globalization of business. We’re excited to play a role in empowering Bangladeshi talent by connecting them with business opportunities the Internet has created around the world.”

On January 8, Payoneer and Bank Asia held a launch ceremony in Dhaka which included Dr. Atiur Rahman, Governor of Bangladesh Bank, the central bank of Bangladesh. The ceremony was also attended by the Chairman of Bank Asia, A. Rouf Chowdhury; the President and Managing Director of Bank Asia, Md. Mehmood Husain; and Mr. Shamim Ahsan, President of the Bangladesh Association of Software and Information Services (BASIS), as well as Scott Galit and Patrick de Courcy, Payoneer’s Head of Asia Pacific. Over the past month, Payoneer has also hosted two conferences in Dhaka through its Brand Ambassador program, which brought together more than 1,000 participants to learn more about expanding their global businesses.

“The events we hosted in Bangladesh are just another way we’re providing professionals and businesses with the tools they need to succeed in the connected business world,” said Galit. “On the back end, we provide a simple way for them to receive payments – but there’s much more to it. Through our Brand Ambassador program, we give professionals in these dynamic markets tools to network with other freelancers, hear from established speakers and ultimately set them up for wide business success.”

Payoneer’s Brand Ambassador program has now launched in five countries: Japan, China, Argentina, Pakistan and Bangladesh. The program hosts local events to assist professionals using Payoneer in growing their business. Payoneer is launching the program in 15 additional countries through 2015.

To learn more about how Payoneer is empowering global commerce with cross-border payment services for business, visit the Payoneer website.

About Bank Asia
Bank Asia Limited is one of the leading third generation private commercial banks in Bangladesh. The Bank started its journey in November 1999. Over the years, through dedicated customer service, creating a team of high skilled professional bankers, expansion of branch network and developing a strong IT platform, the Bank has gradually emerged as a highly renowned Bank in the country. For more information, visit

About Payoneer
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Google, Airbnb, Elance-oDesk and Getty Images rely on Payoneer’s mass payout services.

With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies. For more information, visit us at or follow us on Twitter and Facebook.

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Beth Kempton
Walker Sands Communications
+1 (312) 241-1178
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