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Home Biography Famacash™, The E-wallet Birthed By Dr. Saiful Khandaker

Famacash™, The E-wallet Birthed By Dr. Saiful Khandaker

Dr. Saiful Khandaker
CEO & Founder
FAMA

Saiful Khandaker is an internationally known software pioneer, entrepreneur and thought leader in the mobile payments industry. He is Group Chief Executive Officer and Founder of FAMA Holdings, Inc. a global developer of FinTech platforms, applications and services established in 2009. FAMA is based in the U.S. with offices in the U.K., India, Bangladesh and Zambia.
Dr. Khandaker is currently leading the development of the FAMACASH™ network, a global FinTech ecosystem that is integrating blockchain, artificial intelligence and cloud computing technologies to provide fast, affordable mobile money services in under-served countries such as Bangladesh.
To implement the FAMACASH network, Dr. Khandaker has negotiated partnerships and joint ventures with financial service providers and technology leaders in many countries, including a joint venture with Sonali Bank, the national bank of Bangladesh. This joint venture provides a mobile wallet called SonaliPay™ that enables Bangladeshi diaspora workers to use smartphones and laptops to send money to Bangladesh. Dr. Khandaker has also led the development of a stablecoin product called REMIT™ to facilitate cross-border money transfers, as well as a cross-border e-wallet called AfriPay™ to help Africans working overseas, and a neo-bank for Muslim workers called Tohura™.
Before founding FAMA, Dr. Khandaker spent more than two decades leading the development of software solutions for Fortune 100 companies as well as startups. He designed the architecture and managed networks that provided airline flight scheduling for Delta Airlines, cellular billing applications for AT&T and BellSouth, and network management software for Cox Communications; and established and managed GE’s outsourcing operation in Bangladesh. He also helped numerous clients modernize their FinTech services as Chief Technology Officer at Mi3. Since 2018 he has served as President of the U.S.-Bangladesh Technology Association of North America.
Dr. Khandaker has received numerous industry awards including a top innovation award from the Wireless Technology Forum, a top 40 software company award from the Technology Association of Georgia, and the National FinTech Award in Bangladesh. He has conducted seminars and workshops on cross-border payments and Blockchain systems for bank executives and regulators and senior decision makers across industries.
Dr. Khandaker holds a Doctor of Management degree in Organizational Leadership, a Master of
Science degree in Technology Management, and a Bachelor of Science degree in Computer
Information Systems.
Dr. Khandaker is passionate about giving back to the world community. He lives with his wife and two
children in a suburb of Philadelphia.

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