Transpay provides businesses of all sizes with a scalable, secure and fully compliant cross-border mass payout solution, making it easy to send funds directly to the bank accounts of vendors, business partners, freelancers or others worldwide. Transpay is a service from Transfast, a global cross-border payments network provider with more than 800 employees, serving over 125 countries across Asia, Europe, Africa, Americas and Australia. Our proprietary payment network, consisting of direct integrations with 300+ banks and other financial institutions enables person-to-person, business-to-person and business-to-business payments services to our partners via APIs, SFTP, web and mobile product applications. Our applications deliver compliance, risk management, currency conversion, liquidity management and multi-format messaging solutions to our clients, which include banks, financial institutions, e-commerce companies, and service marketplaces, as well as small businesses and individual consumers. Transfast is now owned by Mastercard.
We are pleased to announce that Mastercard has acquired Transfast, owner and operator of Transpay.