TransFi allows customers to transfer funds between their own bank accounts as well as to send funds to a third-party account.
Once you have signed the contract with TransFi and received an email notification informing you of the successful completion of the Know Your Business (KYB) verification process, our dedicated support team will create a dashboard account for you within 24 hours.
We require the identity document of each sender for transactions exceeding 1 USD. Depending on your licensing status, you have the option to carry out the verification process on your end or use our onboarding solution.
Once a transfer is completed, it cannot be cancelled, as the funds would have already been received by the recipient.
If the transfer is still pending, please get in touch with our support team via customercare@transfi.com. They will review the transfer status and details and determine if its cancellation is still feasible.
Dashboard
API Integration
You can also subscribe to our webhooks to receive real-time notifications whenever a transaction status changes.
To start making local currency payouts to a new country and to activate a new local currency, please notify your Account Manager and provide the following details:
Providing this information will help ensure a smooth configuration and activation process.
Settlement times for local currency payouts vary based on the receiving country and the chosen payment method, and can be received by the beneficiary:
To make a local currency payout, you need to provide the following beneficiary details:
Depending on the market, additional information may be required.
You can check the full list of required beneficiary details per country and types of service on our API Documentation.
TransFi’s local currency payout product enables individuals and businesses to seamlessly transfer funds worldwide, using either digital currency or traditional fiat money, and converting them into local currencies. This feature is accessible through TransFi's user-friendly dashboard or by integrating our API into your system.
Dashboard
API Integration
When making a local currency settlement, you can use the available Remarks field to input any desired information, such as a transaction ID or reference, which will be visible on the beneficiary's bank account.
Please note that depending on our banking partner, the country, and the beneficiary’s bank, we cannot guarantee that the information provided in the Remarks field will be reflected in the beneficiary’s bank account.
If you provide an incorrect wallet or bank account number for your beneficiary, the transaction will fail due to mismatched information.
For other types of errors, please contact our support team via customercare@transfi.com to request a cancellation. Once approved by our team, the transaction will be refunded.
TransFi can process local currency payouts in local currencies, e.g. PHP, MXN, XOF, as well as in EUR or USD to any country as long as the beneficiary’s bank supports EUR and USD. i.e. the beneficiary owns a multi-currency account.

Send, receive, and swap funds worldwide with ease and transparency—across 70+ countries and 40+ currencies.