Transfast is an international company that deals in money transfer and cross-border payments. Transfast headquarters is situated in New York with additional offices in the Philippines and the UAE. Remittances are carried out through its wholly owned direct-to-bank network, with the company offering 200,000 cash payout points across 120 countries.
Established in 1988 by Samish Kumar, the Current CEO, as Trans-Fast, the company began with a focus on money transfers between the U.S. and Latin America. By the year 2007, the company received a private-equity investment from Greenhill Capital Partners, LLC and adopted the name Transfast Remittance LLC.
Transfast Offers The Following Products Transpay
This is a B2B/B2P cross-border payments platform. The company’s platform makes use of strong end-to-end high tech to enhance instant transfers across its global proprietary network. Clients include Up work and Google.
As mentioned earlier, the company has over 200,000 payment points available worldwide, with agents representing Transfast around the globe. Customers have the ability to send money in person to be received in cash or directly into an account in a bank.
Transfast offers its customers the facility to send online, from a desktop, a laptop, a tablet a mobile device.
As at the first quarter of 2016, Transfast was at the top of the World Remittance Prices database listing by world bank for providing the lowest-cost remittances to the Philippines, Nigeria, Ghana and Egypt.
The company has a network that covers 120 countries across Africa, Asia, Europe and the Americas. Transfast also holds licenses in more than 70 jurisdictions globally.
From Africa, Transfast have operations in 23 countries, the institution’s bank network covers at least 90 percent of adult bank account holders in these Countries. Transfast customers in U.S. and Canada have the ability to send online or through mobile to a recipients’ bank accounts at any of 600 banks or to 6,000 cash pick-up locations inside banks in Africa. In Kenya, Transfast is also affiliated to M-Pesa and have partnered with three major Kenyan banks, enabling customers worldwide to make instant money transfers to the country.
In India alone, there are more than 45,000-location mark and almost four million customers all over the global.
Sending Money Through Transfast?
Transfast ensures an easy process that you can complete quickly. Anybody can sign up and initiate a transfer in 5.5 minutes.
- Go to Transfast’s website.
- Choose your recipient’s country.
- Fill in the amount you wish to send.
- Fill in your recipient’s information and delivery method.
- Pay for your transfer via bank account, either through you credit card or debit card.
- Review to confirm your transaction.
Tracking A Transfer
From the moment you complete your transfer, track the progress of the transaction at any time by logging in to your account either online or using Transfast’s mobile app, where you can also view the estimated delivery date of your transfer.
Payment Options Include
- Bank account
- Credit or debit card
Pick up options are;
- Bank transfer
- Cash pickup
- Home delivery (in select destinations)
- Deposit to a cash card
- Bill payment (in select destinations)