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Md Abul Mansur, Director & Chairman, Akxens Inc.

Portfolio · Director & Chairman, Akxens Inc.

Md AbulMansur.

Chairman of the Board · FinTech Pioneer · Architect of Virtual Account Payments · CBDC & Deep Tech

From Silicon Valley to Jakarta, New York, and London. He tokenized bank payments before tokenization had a name, and now chairs the board of Akxens.

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ScrollLondon · New York · Dhaka
Chairman of the BoardFinTech PioneerVirtual Account PaymentsPayment TokenizationCentral Bank Digital CurrencyCross-Border PaymentsDeep Tech & AIFinancial InclusionChairman of the BoardFinTech PioneerVirtual Account PaymentsPayment TokenizationCentral Bank Digital CurrencyCross-Border PaymentsDeep Tech & AIFinancial Inclusion
01In his words

“If fiat currency is controlled by central banks, why shouldn’t e-Money be as well?”

Md Abul Mansur, on the origin of his CBDC framework
25+
Years in payments & R&DBanks, governments, IDA programmes
2013
Founded Nuspay InternationalR&D firm, United States
50K+
People helped out of debtAI-driven microfinance with Uddipan
8
Countries of operationFrom Jakarta to London
Md Abul Mansur

Abul Mansur

02The story

A pioneer who never let go of the dream.

Md Abul Mansur left Bangladesh in 1995 with his savings and an ambition bigger than borders. He studied computer science and engineering at Rochester Community College in the United States, won a scholarship to the MIS programme at Winona State University, and joined Integral Development Corporation in Silicon Valley before he had even graduated. Along the way he trained as a pilot, flying the Cessna 172 Skyhawk.

Over the next two decades he built payment systems for banks, governments, and IDA-funded programmes. He served as Group CTO and co-founded Digital Payment System (DPS) in Jakarta, whose payment application was certified for roll-out at Bank Negara Indonesia. In 2013 he founded Nuspay International in the United States to file his patent under the PCT, and piloted it as Nuspay Worldwide in Singapore.

Nuspay became the world’s first virtual account payment system based on a real bank account: every transaction runs on its own token, so sensitive account data never travels. He deployed it with NFC cards at Bank Asia and Nepal Bank, took it cross-border with X-Border, and brought AI-driven microfinance to more than 50,000 people through Uddipan in Bangladesh.

Today he leads from London as Director and Chairman of Akxens. He chairs the board, sets the standard for governance, and brings the institutional relationships that turn Akxens builds into bank-grade infrastructure. The Nuspay connection runs deep: Akxens CTO Mohammad Ali Rony has engineered on Nuspay since 2015.

“Nuspay was my dream project and I never gave up on it.”

03The journey

Three decades, one conviction.

  1. 1995

    Across the ocean

    Rochester Community College, USA

    Leaves Bangladesh for higher education in computer science and engineering in the United States.

  2. 1997

    Silicon Valley and the skies

    Winona State University · Integral Development Corp.

    Wins a scholarship to study MIS, joins Integral Development Corporation in Silicon Valley before graduating, and trains as a pilot on the Cessna 172 (1997–1998).

  3. 2000s

    Payments for nations

    Group CTO · Digital Payment System, Jakarta

    Co-founds DPS, whose payment application is certified for Bank Negara Indonesia, and secures payment and digital-currency systems on IDA-funded national programmes.

  4. 2013

    Founds Nuspay International

    United States · Nuspay Worldwide, Singapore

    Sets up Nuspay as an R&D firm to file his virtual account patent under the PCT, pilots it in Singapore, and co-founds Blockchain Innovations in Budapest on the Nuspay framework.

  5. 2015

    Scaling across South Asia

    Bank Asia · Nepal Bank · Nuspay India

    Nuspay International India is incorporated, and virtual account payments with NFC cards are deployed with Bank Asia and Nepal Bank Ltd.

  6. 2020

    Unveils X-Border

    Nuspay International Inc. · New York

    Launches a cross-border remittance protocol on a decentralized deep tech network, with end-to-end tracking, instant beneficiary alerts, and no hidden charges.

  7. 2024

    CBDC for Southeast Asia

    Nuspay × Bits & Blocks × Peacock Trust UK

    Launches a central bank digital currency project for Southeast Asia on Nuspay’s blockchain framework, alongside UK directorships in London.

  8. 2026

    Director & Chairman

    Akxens Inc.

    Chairs the board of Akxens, bringing three decades of institutional payments experience to a global engineering and digital infrastructure firm.

04Domains of mastery

Where finance meets deep tech.

His career sits where regulators, banks, and engineers meet. He speaks all three languages, which is exactly what a board needs when its clients are institutions.

01

Virtual Account Payments

Architect of the patented technology that tokenizes every payment against a customer’s real bank account.

  • PCT patent
  • Tokenization
  • NFC cards
02

CBDC & Digital Currency

Early pioneer of central bank digital currency, built around currency virtualization and central bank control.

  • Currency virtualization
  • Central banks
  • Compliance
03

Cross-Border Payments

X-Border: faster, transparent remittance that plugs into banks, remittance companies, and authorized agents.

  • X-Border
  • Remittance
  • Tracking
04

Financial Inclusion

AI-assisted microfinance that helped farmers and working women in Bangladesh manage finances and repay debt.

  • Microfinance
  • AI prediction
  • 50,000+ people
05

Deep Tech & AI

Big data, deep learning, and blockchain applied to secure, everyday transactions and asset transfer.

  • AI
  • Big data
  • Blockchain
06

Board & Governance

Directing R&D from proposal to commercialization, and holding ventures to the standards institutions expect.

  • Board leadership
  • R&D direction
  • Institutions
05Signature invention

The account that never leaves the vault.

Nuspay was the world’s first virtual account payment system based on a customer’s real bank account. His patented approach gives every transaction its own randomly generated token, so the real account number is never exposed to merchants or networks.

  1. 1

    The real account stays home

    The customer’s bank account never leaves the bank and its secure vault.

  2. 2

    A virtual account is issued

    A unique, randomly generated token is created for the transaction.

  3. 3

    Only the token travels

    Merchants, cards, and networks see the token, never the account.

  4. 4

    The bank settles

    The token maps back to the real account and funds settle securely.

“
I began developing the initial concept of CBDC around currency virtualization, envisioning a solution that goes beyond e-Money.
Nuspay CBDC announcement, September 2024
07Credentials

Educated, tested, trusted by institutions.

Education & training

Management Information Systems

Winona State University, USA · Scholarship

Computer Science & Engineering

Rochester Community College, USA

From 1995

Aviation Trainee Pilot

Cessna 172 Skyhawk · Winona, Minnesota

1997 – 1998

Ventures & boards

Director & Chairman

Akxens Inc.

Managing Director

Nuspay International Inc. · New York

Co-Founder & CEO, Group CTO

Digital Payment System (DPS) · Jakarta

Co-Founder

Blockchain Innovations · Budapest

Institutions served

  • Bank Asia
  • Nepal Bank Ltd
  • Bank Negara Indonesia (via DPS)
  • Uddipan microfinance
  • IDA-funded national programmes
  • Bangladesh Central Procurement Technical Unit
The Akxens Council

Let's talk

Building for institutions?

Payments, digital currency, or infrastructure that banks and governments can trust. Start the conversation with the Akxens board.

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