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Transak launches full suite of services in India

Povides single integration for applications to accept fiat-to-crypto deposits & withdrawals.

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Mumbai: Transak has announced that it is launching its full suite of services to India with the roll-out of UPI payment integration on platforms including Metamask, Ledger, Decentraland, WazirX NFT, Terra Station, Anchor, BitYard and Hiro.

Transak provides a single integration for applications to accept fiat-to-crypto deposits and withdrawals from a global user base. It has enabled API-driven fiat payment methods across 100+ countries and with crypto assets on 30+ blockchains through partnerships with Web3 players including Polygon, MetaMask, Trust Wallet, WazirX NFT, Edge Wallet, Decentraland and 100+ applications.

Founded by Sami Start and Yeshu Agarwal in 2019, Transak’s mission is to make web3 applications accessible. In January, Transak celebrated an all-time high $71 million in volume and hit a record $3.3 million in organic transaction volume in a day.

“India has shown an incredible appetite for web3 applications and innovation alike. We are thrilled to extend our support towards taking this momentum to the next level by empowering Indian Web3 developers to create a smoother and seamless onboarding experience for their users. With Transak, Indian dApps can become apps making adoption easier than ever,” said Transak co-founder Sami Start.

“India has always been a priority market for us and we have had the fortune to work with some of the biggest Web3 innovators in India including Polygon, MetaMask, WazirX and more,” said Transak co-founder Yeshu Agarwal. “We are looking to solidify our India presence tremendously by expanding both our partnerships and India team with 150+ open positions across different functions.”  

“We at Polygon are committed to driving Web3 adoption across the world. Our approach to scaling Ethereum improves the network’s transaction processing speed and tremendously reduces gas fees, removing significant barriers for Web3 developers, leading to 7000+ dApps on Polygon today,” said Polygon VP of growth Arjun Kalsy. “However, Web3 developers still struggle with adoption as currently the onboarding requires existing crypto currency in users' wallets and complicated fiat to crypto transactions. Transak's on-ramp infrastructure effectively solves this. We are excited for their India launch and UPI integration.”

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