TransFi Launches BizPay Cross-Border Payments Platform in SEA, Raises $19.2M

According to TransFi, the Dubai-based stablecoin payments infrastructure company launched BizPay, a cross-border payments platform for small and medium-sized enterprises in Indonesia, Malaysia, Vietnam, and the Philippines. The platform offers collections and payouts through a single chat-style interface. TransFi has raised $19.2 million and processed over $1 billion in transaction volume, holding regulatory registrations in Singapore, Lithuania, and Canada.
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