TransFi Launches BizPay’s Conversational Payments Integration

WHY THIS MATTERS

The launch of BizPay by TransFi on May 12, 2026, is a direct response to the “conversational commerce” explosion in Southeast Asia. While the region is home to over 65 million SMEs, most cross-border tools remain trapped in legacy banking apps or high-fee consumer platforms. By embedding stablecoin and fiat payment rails directly into WhatsApp and Telegram, TransFi is meeting service-export SMEs—like design agencies and tech contractors—where their business already happens.

This matters because it aligns with a massive shift in regional policy: the BIS Project Nexus, which aims to connect instant payment systems across the Philippines, Malaysia, Vietnam, and Indonesia by July 2026. BizPay effectively “leapfrogs” traditional banking friction, reducing settlement times from up to T+7 days down to near-instant, and slashing costs from a painful 8% average to as low as 0.15% for stablecoin rails. With Asia already accounting for 60% of global stablecoin payment volume, TransFi is positioned to capture a significant share of the $6 billion monthly B2B stablecoin flow.

TransFi, the cross-border payments and stablecoin infrastructure company, launched BizPay’s conversational payments integration that allows small and medium-sized businesses to collect and send cross-border payments directly through WhatsApp and Telegram. The platform launches first in the Philippines, Malaysia, Vietnam, and Indonesia, three markets that together represent more than 65 million SMEs. 

BizPay arrives as cross-border payments move to the top of Southeast Asia’s financial infrastructure agenda. ASEAN central banks, working with the Bank for International Settlements Innovation Hub, are preparing Project Nexus for phased rollout in 2026, with the Bangko Sentral ng Pilipinas publicly targeting July 2026 for ASEAN instant cross-border remittance. Indonesia joined the BIS Nexus project formally in February 2026. Vietnam approved its national SME Digital Transformation Plan in March 2026, targeting 500,000 SMEs by 2030. BizPay is designed to serve the service-export SME segment in these markets, within messaging channels that those businesses already use for client communication and invoicing. There is no app to download and no integration required.  

The product addresses a persistent operational challenge. The World Bank’s Remittance Prices Worldwide data puts the global average cost of remitting USD 200 at 6.4%, with the Philippines corridor averaging above 4%. TransFi’s user research across its target markets details SMEs reportedly losing 4% to 8% per payment to platform fees and FX conversion costs, alongside settlement delays of T+2 to T+7 and onboarding processes that can take days or weeks. BizPay reduces those numbers on all three axes. 

“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,” said Raj Kamal, Founder and CEO of TransFi. “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.” 

Users can collect payments from clients worldwide in USD, EUR, GBP, AUD, AED, CAD, USDT, and USDC, and send payouts locally in IDR, PHP, VND, MYR, and THB, among other currencies. Pricing starts at 0.15% for crypto rails and 0.99% for fiat payouts to local currencies.

BizPay supports 250+ local payment methods across its launch markets, including all major payment rails in Indonesia, the Philippines, and Vietnam. The platform is supported by 24/7 customer service delivered in local languages, available directly within the chat interface.  

The launch follows TransFi’s USD 19.2 million financing round, announced in March 2026 and led by Turing Financial Group. The company has recorded 16-fold revenue growth since its 2024 seed round and is targeting approximately USD 5 billion in processed transaction volume in the financial year 2026. TransFi operates across 70+ countries through regulated entities in Singapore, Lithuania, Canada, and the Bahamas, with additional licensing applications in progress across Indonesia, Malta, and the UAE. 

Stablecoin B2B payments volumes have moved from under USD 100 million monthly in early 2023 to over USD 6 billion by mid-2025, according to the Artemis Stablecoin Payments report. Boston Consulting Group’s January 2026 stablecoin payments white paper estimates that B2B stablecoin flows are growing 65% year on year. Asia accounts for approximately 60% of global stablecoin payment volume, according to McKinsey and Artemis Analytics. 

Planned product additions include multi-currency accounts, IBAN-based collections, and recurring payment capabilities.

FF NEWS TAKE

TransFi is weaponizing “app-less” finance. By removing the need for a separate app or complex integration, they are lowering the barrier to entry for the 500,000 SMEs targeted in Vietnam’s National SME Digital Transformation Plan. The $19.2 million funding from Turing Financial Group in March 2026 provided the dry powder needed to support 250+ local payment methods from day one. This isn’t just about moving money; it’s about workflow consolidation.

However, the real competitive edge is the multi-currency architecture. For an SME in Ho Chi Minh City, the ability to collect in GBP or EUR and payout in VND via a chat thread is a massive operational win. As TransFi pursues licenses in Indonesia and the UAE, they are building a regulated global corridor that competes directly with Wise and Payoneer but with the added speed of USDT/USDC liquidity. If they hit their $5 billion volume target for FY2026, TransFi will no longer be a “fintech to watch”—it will be the infrastructure that powers the Southeast Asian digital export economy.