TransFi, a cross-border payments and stablecoin infrastructure company, has launched BizPay, a conversational payments integration enabling small and medium-sized businesses to conduct cross-border transactions directly within WhatsApp and Telegram.
The product goes live across the Philippines, Malaysia, Vietnam, and Indonesia, four markets that collectively account for over 65 million SMEs. The launch coincides with growing regional momentum around cross-border payment infrastructure, as ASEAN central banks collaborate with the Bank for International Settlements Innovation Hub on Project Nexus, which is scheduled for phased rollout in 2026, it said.
The Bangko Sentral ng Pilipinas has publicly set a July 2026 target for ASEAN instant cross-border remittance, Indonesia formally joined the BIS Nexus project in February 2026, and Vietnam approved its national SME Digital Transformation Plan in March 2026, with a goal of reaching 500,000 SMEs by 2030.
BizPay is built around the messaging platforms that service-export SMEs in these markets already rely on for day-to-day client communication and invoicing, requiring neither an app download nor technical integration. Businesses can collect payments in currencies including USD, EUR, GBP, AUD, AED, CAD, USDT, and USDC, and send local payouts in IDR, PHP, VND, MYR, and THB, among others.
Pricing begins at 0.15% on digital asset rails and 0.99% for fiat payouts to local currencies. The platform supports more than 250 local payment methods across its launch markets, covering all major payment rails in Indonesia, the Philippines, and Vietnam, with 24/7 customer support in local languages accessible from within the chat interface.
Founded in 2022 and headquartered in Dubai, TransFi provides collections, payouts, and on- and off-ramp services across 70+ countries, 40+ fiat currencies, and more than 250 local payment methods.
TransFi founder and CEO Raj Kamal said, “SMEs operating across borders have the same payment needs as large enterprises, but they have historically been served by infrastructure designed for consumers or for large corporate clients.
“BizPay reduces the entire payment workflow to something that happens inside a conversation. A design agency in Ho Chi Minh City can invoice a European client, receive settlement, and pay a local contractor without leaving the chat thread they use every day. That is where the work already happens.”
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