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Abacus Transfers Limited

A platform for making remittance payments via mobile and web by cash, bank account and airtime to African and Asian mobile money networks

  • Stage Product In Development
  • Industry Financial Services
  • Location London, GB-ENG, United Kingdom
  • Currency USD
  • Founded October 2010
  • Website

Company Summary

Abacus Transfers Limited (ATL) is an FSA regulated Payments Institution. ATL is in the process of building a Money Transfer Platform which integrates a diversity of payment instruments such as credit/debit cards, cash, airtime and account top-ups. This service allows registered ATL customers to remit cash, card top-ups or airtime easily, cheaply, conveniently and securely to their beneficiaries, who receive the money instantly.


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    Farhad Mahmud
    Executive Chairman

    Farhad has over 25 years experience as an entrepreneur and business leader. From 1992-1998 Farhad was Executive Director of Bangladesh Information Technology Group Limited. In 1998, Farhad Mahmud set up the first terrestrial television station in the private sector in Bangladesh. Since 2004 Farhad has been working as an Enterprise Advisor for the Learning and Skills Council in the UK.

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    Faisal Gazi
    Managing Director

    Faisal has over 15 years experience in the design and development of enterprise software. Faisal developed his expertise in payment applications as a Solutions Architect for Visa International. He has deployed front office applications and financial software for Deutsche Bank, Royal Bank of Scotland, Investec Bank, Legal&General and Global Asset Management (GAM). Faisal has developed E-commerce and Payment Systems for Microsoft AdCenter.


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    Field Fisher Waterhouse
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    T Ahmed & Co