Money sharing made easy.
Founded in 2002 and headquartered in Los Angeles, TransCash Corporation is the pioneer of the prepaid debit card industry, and the only company in the world offering a patented set of two linked prepaid cards in a single pack.
A patented dual-card ecosystem,
trusted on six continents.
TransCash Corporation was established in 2002. The cornerstone of the program is a set of two Visa and Mastercard prepaid debit cards, sold in a single pack, providing the easiest and least-expensive transfer of funds to family members, anywhere Visa or Mastercard are accepted worldwide.
Headquartered in Los Angeles with operations around the world, TransCash continually expands into new territories. Our product is protected by US Patent 7,581,674 B2 and registered worldwide under the Paris Convention.
We provide accessible, essential financial products to under-served markets that have traditionally been undervalued, through four programs: the Dual Pack Money Sharing Card, the Travel card, the Payroll card, and the General Purpose Reloadable card.
To make our customers prosper.
Provide unbanked and underbanked customers with great products that replace check-cashing agents, money orders and bill-pay centres, through an easier, more convenient, lower-cost alternative: the TransCash Card.
Empowering people to advance with success and confidence.
We embrace opportunity and have a passion for growth. We have the vision to innovate and the strength to succeed. We have the ambition to expand globally.
Three commitments. Two decades of consistency.
Money sharing made easy
Make sending money to loved ones effortless, instant, and free between linked TransCash cards.
Remittance markets
Built for migrant workers, global families and the under-served, a true alternative to traditional remittance.
Full cardholder services
Reload, withdraw, pay bills, shop online, travel, every essential financial service in one card.
Charles Cohen
CEO, Founder & Chairman
A seasoned entrepreneur with nearly 30 years of experience in successfully negotiating and closing financial deals, Charles Cohen is an expert in real estate development and transactions. He is CEO, Founder and Chairman of TransCash Corporation, President of BCBGMaxAzria Entertainment and Pier Enterprises, Inc.
In 2000, at the onset of the prepaid industry, Charles envisioned a prepaid card specifically designed for the remittance market and the unbanked, to make money transfer easier and more affordable. After seven years of intensive R&D, in 2009 TransCash launched the TransCash Mastercard and Visa Reloadable Prepaid Cards, which received US Patent 7,581,674 B2 and worldwide protection under the Paris Convention.
In 1986 Charles founded Pier Enterprises, Inc. in Los Angeles, a global marketing and communication firm behind international campaigns including Ebel with Madonna, Meg Ryan and Harrison Ford, and a Pepsi International music platform featuring Sony Music's leading artists. He served as Sony Signature's exclusive agent for all intellectual properties in Europe and as an acquisition advisor at SFX for Europe.
In 2006 Charles created The Seck Group LLC, a real estate investment fund with properties in Los Angeles. As SkyPower's Chief Commercial Officer he led the executive team on corporate strategy and execution of multi-billion-dollar Power Purchase Agreements (PPA), brokering international ventures from development through financial close. As a Strategic Advisor to SkyPower he advises the Board on feasibility for utility-scale solar projects.
US Patent 7,581,674 B2
Protected worldwide under the Paris Convention.
Established 2002 · Headquartered in Los Angeles
Two Decades of Regulated Financial Infrastructure.
- 2002
TransCash, Inc. founded in Los Angeles. First prepaid card programme launched for migrant worker communities in Europe.
- 2005
FinCEN MSB registration completed. First Visa network partnership established. Expansion into European markets.
- 2009
US Patent 7,581,674 B2 filed — the patented dual-card money-sharing architecture. First of its kind globally.
- 2012
International patent protection secured under the Paris Convention. Territory licensing model launched.
- 2016
PCI-DSS Level 1 certification achieved. Expansion into Middle East and North Africa payment corridors.
- 2020
ISO 27001 and GDPR compliance established. Apollo A backend platform launched for global licensees.
- 2024+
Active licensing programmes across 150+ countries. West Africa and Latin America corridors in expansion.
Independent oversight at every layer.
Board of Directors
Five-member board with three independent directors. Quarterly meetings, annual strategy review.
Audit & Risk Committee
Independent chair. Reviews financial controls, AML program effectiveness and operational risk register.
External auditors
Annual financial audit by tier-one accounting firm. PCI-DSS audited annually by a Qualified Security Assessor.
Money, reimagined
for a borderless life.
A regulated dual-card platform carried in over 150 countries. Speak with our team to learn more.