TransCash Corporation
Financial ServicesCalifornia, United States2-10 Employees
TransCash Corporation is a financial services company founded in 2002 and headquartered in Los Angeles, California. Its core offering is a prepaid debit card program backed by two Visa or MasterCard cards that enables users to transfer funds to family or friends at substantial savings relative to traditional remittance services. The cards can be used for in-store and online purchases wherever Visa or MasterCard Debit is accepted, making the movement of money more convenient across borders. The program is protected by a US patent (7,581,674 B2) for a financial transaction system and method, and is covered under the Paris Convention. Today the service operates across Europe, East and West Africa, and the Middle East, with plans to expand into Asia and the Pacific region. As a small enterprise within financial services, TransCash is pursuing licensing partnerships to broaden its geographic footprint and extend its reach through external collaborators.