Gopal Yadav

Founder and CEO of Aabhyasa Technologies, India

โ€œUsing Payoneer, we have bank accounts in countries including the US, the Eurozone, the UK, and Canada. Because of Payoneer, our payment growth is 35% now. I would also recommend Payoneerโ€™s customer services โ€“ itโ€™s the best.”

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Challenge

Although we paid high fees for international payment services, we had a payment decline rate of 30%.

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Solution

Using Payoneer, we set up a foreign bank account to receive payment in multiple countries.

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Result

Now our payment decline rate is zero and our payment growth is at 35%, thanks to Payoneer.

We would come to the Ghat every time we came to visit our grandparents in Varanasi. We would always talk about starting something of our own. We wanted to return to our roots. When we planned to start something of our own and did our research, we realized the great potential of the digital platform and thought of leveraging it to get more worklines.

We held our first conference in January 2015. Thatโ€™s when we started as a three-member team. Weโ€™ve grown to a fully-fledged business today. Now we have two branch offices and a team of over 40 people. Our vision is to empower every professional with the latest market trends and updates. Now we plan to expand our offerings across multiple geographies and sectors.

“While we have seen fast growth, the journey has been full of challenges.“

One of our major concerns was receiving payments from multiple clients based in different geographies. We tried multiple checkout solutions but we saw a payment decline rate of 30%, despite paying high fees for the services.

โ€œPayoneer has foreign currency bank accounts in multiple countries.โ€ 

Using Payoneer, we have bank accounts in countries including the US, the Eurozone, the UK, and Canada. Because of Payoneer, our payment growth is 35% now. I would also recommend Payoneerโ€™s customer services โ€“ itโ€™s the best.

โ€œOur payment decline rate has gone to zero.โ€ 

With Payoneer, we are also able to receive check payments, which make up 40% of the Euro payments that we get. I suggest Payoneer is the best platform to go for.

It gives us great pleasure to sit here and look back. With Aabhyasa Technologies we have turned our dreams into reality.

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