After successfully running operations in over 60+ countries, the UK-based fiat-to-crypto payment gateway, Transak, is now in India. Transak’s launch in India marks the entry of the nation’s first and only fiat on-ramp provider. In addition to building a team of 50+ local talents, Transak has partnered with marquee web3 players like Polygon, WazirXNFT, and Zilliqa and are under process to further integrate with Mudrex, edge wallet, and others
With an objective to catalyse mass adoption of crypto transactions, Transak would enable users to buy crypto using bank transfers, debit/credit cards, wallets, UPI, and various payment applications worldwide. Transak’s gateway is integrated with fiat payment methods around the globe which could further be used to make the purchase.
“We are thrilled to extend our shared passion of simplifying crypto transactions to the Indian market,” said Sami Start, Co-Founder, Transak, “With the world’s second-largest population, the Indian market has both the opportunity and will to fast-track future with web3 developments by the way of mass adoption. We believe Transak would bridge that gap in the Indian market and would tap into the true potential of its one 1.4 billion nationals.”
Further elaborating on Transak’s progress so far and its future plans for the market, & Yeshu Agarwal, Co-Founder, Transak, added, “Transak uniquely provides fiat on-ramp in India and our extended vision is to empower and enable the Dapps built in India to have secure yet seamless onboarding onto crypto-economy. With Transak, users will now be able to directly buy crypto using INR via bank transfers, debit/credit cards, wallets, UPI, and various payment applications worldwide. To execute this vision, we are also looking at utilising the local talent pool as we plan to grow our team to 200+ by hiring across functions.”
By offering an easy route to add the gateway to an app or website with just a few lines of code, Transak’s fiat-to-crypto payment gateway empowers both novices and enthusiasts and enables easy purchase, sale, and trade-in of cryptocurrencies. With its wide crypto coverage, the gateway offers support for all major blockchains, tokens, and stable coins, marking a tally of 80+ cryptocurrencies.
