[Global] TransFi exceeds $1 billion processed payments, including payroll

The global payments infrastructure company TransFi has announced exceeding $1 billion in processed volume on its platform, which supports a range of real-world business use cases, including payroll processing, remittances, vendor and trade payouts, and checkout for e-commerce platforms, TechAfrica News reports.

The company, which focuses on emerging markets, also stated that it is set to achieve $5 billion processed transaction volume over the next 12 months, based on the current pipeline and expected business conversions.

TransFi says this reflects growing demand from businesses seeking faster, more reliable, and more accessible cross-border payment infrastructure.

It reportedly supports payments in 70+ countries and 250+ payment methods, enabling cross-border transfers on stablecoin rails with a particular focus on key emerging markets across Asia, Latin America, and the Middle East.

According to TransFi, its infrastructure can help businesses move money across borders with greater speed, predictability, and transparency, while reducing friction in markets where legacy payment rails are potentially costly, fragmented, or unreliable.

Raj Kamal - TransFi Founder and CEO - said, “Cross-border payments remain too slow, too opaque, and too difficult to navigate in many of the markets where businesses need reliable infrastructure the most. Crossing the $1 billion mark is an important milestone for us, but more importantly, it reflects a wider shift in how businesses are approaching global money movement. Companies increasingly want payment infrastructure that is fast, predictable, easy to use, and built for the realities of emerging markets.”

Source: TechAfrica News

(Quote via original reporting)

The global payments infrastructure company TransFi has announced exceeding $1 billion in processed volume on its platform, which supports a range of real-world business use cases, including payroll processing, remittances, vendor and trade payouts, and checkout for e-commerce platforms, TechAfrica News reports.

The company, which focuses on emerging markets, also stated that it is set to achieve $5 billion processed transaction volume over the next 12 months, based on the current pipeline and expected business conversions.

TransFi says this reflects growing demand from businesses seeking faster, more reliable, and more accessible cross-border payment infrastructure.

It reportedly supports payments in 70+ countries and 250+ payment methods, enabling cross-border transfers on stablecoin rails with a particular focus on key emerging markets across Asia, Latin America, and the Middle East.

According to TransFi, its infrastructure can help businesses move money across borders with greater speed, predictability, and transparency, while reducing friction in markets where legacy payment rails are potentially costly, fragmented, or unreliable.

Raj Kamal - TransFi Founder and CEO - said, “Cross-border payments remain too slow, too opaque, and too difficult to navigate in many of the markets where businesses need reliable infrastructure the most. Crossing the $1 billion mark is an important milestone for us, but more importantly, it reflects a wider shift in how businesses are approaching global money movement. Companies increasingly want payment infrastructure that is fast, predictable, easy to use, and built for the realities of emerging markets.”

Source: TechAfrica News

(Quote via original reporting)