Sonali Pay UK Limited provides a mobile app for secure money transfers from the UK to Bangladesh, allowing users to send funds directly to bank accounts or for cash pickup at over 1,220 Sonali Bank branches. The service addresses the need for fast and cost-effective remittance solutions for the Bangladeshi diaspora, with competitive rates and low or zero fees.
Funding
Funding not disclosed
Founders
Product
Problem
Bangladeshi expatriates in the UK face challenges in sending money home quickly and affordably. Traditional remittance methods often involve high fees and slow transfer times, creating a need for more efficient solutions.
Solution
Sonali Pay UK provides a mobile app and web platform that enables secure and fast money transfers from the UK to Bangladesh. Users can send funds directly to bank accounts, bKash, and Nagad accounts, or for cash pickup at over 1,220 Sonali Bank branches across Bangladesh. The service offers competitive exchange rates and low or zero transfer fees, ensuring more money reaches beneficiaries quickly and reliably. Sonali Pay UK is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, providing a secure and trusted remittance service.
Target Audience
The primary target audience is the Bangladeshi diaspora in the UK who regularly send money to family and friends in Bangladesh.
Features
- Mobile app and web platform for sending money to Bangladesh
- Direct transfers to bank accounts, bKash, and Nagad accounts
- Cash pickup option at over 1,220 Sonali Bank branches in Bangladesh
- Competitive exchange rates with low or zero transfer fees
- Fast and secure transactions using leading technology
- 24/7 remittance service for rapid transfers
- UK FCA regulated and authorized payment institution
- Real-time transfer tracking and notifications