Armenia’s financial landscape is rapidly evolving as international trade and commerce grows and digital entrepreneurship takes over the local market. In Armenia, the demand for payment solutions which combine crypto and fiat is an all time high. Businesses are no longer limited to only local banking networks - they are now accepting Armenian Dram (AMD) along with cryptocurrencies like USDT, USDC and BTC. 

This new found gap has been filled in by TransFi - it empowers merchants and businesses to accept global payments both in digital currencies and the traditional means with utmost security, transparency and compliance. In this article, we’ll find out how TransFi is solving the cross border payment gaps, how it’s the right choice for Armenian businesses and how you can adopt it. Keep reading to find more! 

Why TransFi makes the right payment gateway in Armenia 

TransFi bridges the gap between local finance (fiat) and Web3 payments (crypto) all with a secure and user-friendly platform. Here’s what strengthens it; 

1. Seamless hybrid payments - Accept AMD and crypto through a singular check out system. 

2. Global reach - Collect payments from customers worldwide in USDT, USDC, BTC or EUR - all settled or held in your preferred currency or digital currency. 

3. Regulated and secure - TransFi operates with compliance at its core, it ensures that all transactions meet AML and KYC standards and are compliant locally and globally. 

4. Instant settlements - experience near instant crypto settlements and fast fiat transfers to Armenian bank accounts. 

5. Business ready Integrations - Easy to embed and deploy payment APIs and checkout plugins for e-commerce, SaaS or online service portals. 

6. Transparent Conversions - Real time conversion between crypto and AMD with low fees and quick execution. 

Accepting AMD and Crypto in a unified space

TransFi checkout simplifies the process of receiving payments in multiple forms - all while staying locally compliant with Armenian laws. Let’s break it down; 

For crypto payments 

1. Customers pay using stablecoins like USDT and USDC.

2. TransFi securely processes and converts them into AMD or EUR. 

3. Funds are directly deposited into your linked Armenian bank account on demand. 

For Fiat payments 

1. Accept AMD card payments online via TransFi’s fiat gateway.

2. Manage both fiat and crypto settlements in the unified dashboard. 

3. Analyse performance, access conversions and payouts effortlessly. 

TransFi for Armenian market 

Armenia’s digital economy is undergoing quite a revolution. With a rapidly growing base of freelancers, IT professionals, startups and diverse exporters - the need for a flexible, cross border payment solution is on its high. As global clients increasingly pay in USD, EUR or crypto, Armenian businesses and individuals often face friction from high remittance fees to limited crypto to fiat workflows. TransFi bridges this gap in the local Armenian economy and connects it with businesses around the world. It’s beneficial for new adopters and experienced businesses alike;

1. Empowering Armenia’s Tech and Freelance Workforce

Armenia is home to thousands of skilled software developers, designers and digital freelancers working with clients across the US, Europe and the Middle East. Traditional remittance flows like SWIFT or Payoneer often come with slow processing times and elongated conversion cycles. TransFi’s hybrid solution enables users to; 

• Receive global payments instantly in USD or stablecoins like USDT or USDC. 
• Convert crypto to AMD seamlessly through regulated channels.   
• Withdraw directly to local bank accounts while maintaining compliance with national and international standards. 

2. Supporting startups and online businesses 

Armenia's startup ecosystem supported by Yerevan’s expanding tech scene is scaling globally. Saas products, ecommerce brands and service exporters, all increasingly need multi currency support to serve international clients and customers. TransFi helps startups and merchants to;

• Accept both euro and AMD payments from customers worldwide.
• Reduce transaction fees compared to traditional gateways and intermediary charges. 
• Offer global checkout options building customer satisfaction and trust while expanding the market reach.  

3. Lower fees and high accessibility 

Cross border payments and money transfer services can easily eat into profits, especially for small businesses. TransFi’s blockchain powered rails eliminate that from happening by reducing intermediaries which means lower fees, faster settlements and transparent conversion rates which is ideal for freelancers and SMEs alike. 

4. Regulatory confidence 

TransFi operates with a focus on regulated financial compliance ensuring that crypto-fiat transactions meet all AML/KYC standards required by Armenian and international authorities. This gives businesses and individuals security while functioning in an increasingly digital and borderless financial landscape.  

As Armenia pushes forward with its Digital Transformation Strategy 2030 and encourages foreign tech investment, solutions like TransFi become the stepping stones towards seamless digital payment connections.  

Start Accepting AMD and crypto today 

TransFi empowers Armenian businesses to connect with the global economy through secure, compliant and flexible payment systems. Once signed-up, your business can start accepting AMD and crypto with TransFi checkouts without any hassle or disruption. Here’s your way to step into the progressive payment ecosystem in Armenia. 

To know more, also read: Best Crypto and Fiat Payment Gateway in Hong Kong – Regulated Platforms Supporting HKD and Crypto

Frequently asked questions (FAQs)

1. How fast are settlements with TransFi?

TransFi provides near instant crypto settlements and fast fiat transfers to Armenian bank accounts. 

2. How can businesses accept crypto payments with TransFi in Armenia?

• Customers pay using stablecoins like USDT and USDC.
• TransFi securely processes and converts them into AMD or EUR. 
• Funds are directly deposited into your linked Armenian bank account on demand. 

3. How can businesses integrate TransFi in their checkouts or websites? 

TransFi allows plug-in and developer friendly API deployment at the checkout solutions for direct usage in e-commerce, Saas and online platforms. 

4. Can Armenian merchants accept crypto payments legally?

Yes, Armenian businesses can accept crypto as a form of payment through regulated platforms like TransFi.

     5.What regulatory compliance do I need to keep in mind while using TransFi? TransFi operates with compliance at its core, it ensures that all transactions meet AML and KYC standards and are compliant locally and globally. So one can be assured about any legal and compliance requirements while using TransFi.