TransFi has launched BizPay, an international payment platform designed to facilitate swift transactions for businesses and individuals across more than 100 countries.
The platform is designed to streamline the process of sending and receiving money, as well as managing payouts and pay-ins on a global scale.
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This is further enhanced by AI-powered routing and more than 70 backend integrations and supports payment methods, including over 250 local options including FPX, PayNow, and GrabPay.
BizPay provides users with “real-time” foreign exchange rates and a policy of no hidden fees, the press release said.
The solution features automated transaction checks, standardised error codes, and adherence to international regulatory standards.
Businesses can now convert held balances into more than 40 fiat currencies and over 80 digital assets through a streamlined interface.
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By GlobalDataAccording to the company’s website, the platform provides unified visibility into global transactions and supports integration with existing systems, allowing for configurable workflows and scalable operations.
By consolidating various payment services into one platform, BizPay offers a solution to simplify multiple vendors and legal frameworks.
TransFi’s existing network covers over 85 markets, providing card support in more than 173 markets with the integration of open banking and real-time payment networks through a single API.
