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Tazapay vs TransFi (2026): Which Is Better for Receiving International Payments in India?

Author:
Editorial team, serviceexportguide.com
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Editorial team
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13 min read

Short answer

Neither Tazapay nor TransFi publishes enough pricing to estimate the cost of a USD 5,000 receipt, so there is no cost verdict. The better choice depends on how your client pays: Tazapay is best for companies taking card or local payment methods, and TransFi is best for payment links shared in chat, including stablecoins.1234

Use caseBetter optionWhy
Bank transfer of USD 5,000Cannot compareNeither publishes full pricing for this case.
Bank transfer of USD 2,000Cannot compareNeither publishes full pricing for this case.
Client paying USD 2,000 by card or linkCannot compareNeither publishes full pricing for this case.
Tazapay is best forTazapayCompanies taking card or local payment methods.12
TransFi is best forTransFiPayment links shared in chat, including stablecoins.34

1,000 USD = ₹94,243 at the reference rate for 13 November 2026 (European Central Bank data).

Estimated rupees received, on published fees

Sorted by estimated rupees received, highest first. Only providers that publish both their fee and their conversion markup for this currency and method can be estimated.

#Provider and routeBest forFee (+GST)MarkupYou receiveCost
1Karbon BusinessLowest estimated costBank transfer to a Karbon virtual USD accountUS bank transfers and marketplace payouts₹942plus GST, rate not stated0%₹93,131 to ₹93,3011.00 to 1.18%
2RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan)Local transfers from the US, UK and eurozone₹1,000plus GST, rate not stated0%₹93,063 to ₹93,2431.06 to 1.25%
3WinvestaGlobal Collections Account, standard plan (up to 2,000 a month per currency)Local transfers with a published per-payment fee₹1,4350%₹92,8091.52%
4SkydoPayment link (InstaLinks) paid by ACH debitLocal bank transfers from major markets₹1,885plus GST, rate not stated0%₹92,019 to ₹92,3582.00 to 2.36%
5PayoneerLocal bank transfer to Payoneer receiving account detailsMarketplace payouts such as Amazon or Upwork₹0no GST stated1 to 4%₹90,473 to ₹93,3011.00 to 4.00%
6PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice)Clients paying by card or PayPal balance₹4,175no GST stated3 to 4%₹86,465 to ₹87,3667.30 to 8.25%

Not estimated because pricing is not fully published: Cashfree Payments, Dodo Payments, PingPong, Stripe, Tazapay, TransFi, Wise.

Where a provider says GST applies to its fee but not at what rate, the range runs from no GST to 18%, the rate Skydo, Stripe and Winvesta state on their pages. Estimates use each provider's published fee, conversion markup, GST on fees and FIRA charge, checked 2026-10-28, against the reference rate. They exclude charges taken by intermediary banks and your own bank, and the rate a provider actually applies at the time of conversion. Check the provider's pricing page before you choose. The order is calculated only from these published numbers; no provider can pay to change its position, and there are no affiliate links.

How do Tazapay and TransFi compare at a glance?

Tazapay and TransFi compare on the twelve points below, using each provider's published information as checked on 28 October 2026. Where a provider does not publish something, the table says so.568321

TazapayTransFi
Best forCompanies taking card or local payment methods12Payment links shared in chat, including stablecoins34
FeesAlternative payment methods: 0.8% to 2.5%. Global cards: 3.8% + USD 0.5 (non-high-risk industries). Global Collection Accounts (bank transfer receipts): not published, contact sales. No account opening fee.56Not published as a schedule. TransFi says fees vary by payment method, origin country and transaction size and are shown before you confirm; the BizPay page says fees start from as low as 0.15% without saying what that covers.
FX markupNot published as a percentage. Tazapay says it sources rates from multiple partners and shows the exact rate before you confirm a collection or payout. Custom FX is offered on custom plans.TransFi says pricing on its USA to India route is benchmarked to the mid-market rate and that the rate is shown before you accept. No markup percentage is published.78
SettlementWeekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.910TransFi says collections on the USA to India route settle within minutes to a few hours where instant rails are available; its help centre says BizPay transfers are processed as per the bank settlement cycle.711
FIRATazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.56121314Not published. TransFi's pages do not mention a FIRA or FIRC.
CurrenciesTazapay says it supports collection in 35+ currencies through Global Collection Accounts, including USD, EUR, GBP, SGD, AUD and HKD. Its currency list marks INR as supported for invoicing, collection and settlement.1516TransFi says BizPay collects in currencies such as USD, EUR, GBP, AUD and AED, and that it supports 40+ currencies overall.38
KYC: who can sign upIncorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.12TransFi says BizPay can be used by businesses and individuals, including freelancers and sole proprietors without a registered company. It does not publish whether Indian residents are eligible.317
RBI PA-CB statusTazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.18191TransFi does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its terms list Trans-Fi India Private Limited as an affiliate but name no Indian licence, regulator or partner bank.2021
SupportTazapay lists 24/7 support via email, Slack, WhatsApp and Telegram, and a dedicated account manager. India-specific support channels are not published.5TransFi publishes a help centre and a contact form. No India-specific support channel is published.22
LimitsNo daily transaction limit. Per-transaction limits vary by payment method and country, for example USD 15,000 for cards in many countries and EUR 100,000 for instant bank transfer in several European countries. Limits for Global Collection Account receipts are not published.2324Not published.
How clients payCards and alternative (local) payment methods through Tazapay's checkout, payment links and plugins; and local bank transfer, SWIFT or stablecoin into a Global Collection Account (virtual account details in the business's name).51525TransFi says payers can use local bank details in supported currencies, SWIFT, bank transfers, digital wallets, real-time payment systems, payment links and QR codes; BizPay requests are paid through a payment link.83
Card paymentsYes. Tazapay lists global card payments at 3.8% + USD 0.5 for non-high-risk industries, a USD 0.2 authentication fee (waived for successful transactions on the pricing page), USD 2 per card refund and USD 15 per card dispute.56TransFi says BizPay supports 250+ payment methods including cards. No card fee is published.3

How much INR do you receive on $2,000, $5,000 and $10,000 with Tazapay vs TransFi?

The INR you receive with Tazapay and TransFi is the invoice at the reference rate, less each provider's fee, conversion markup, GST on fees and FIRA charge. The table works this out from published pricing at today's rate.

None of these providers publishes both a fee and a conversion markup for USD.

Not estimated because pricing for USD is not fully published: Tazapay, TransFi.

Ranked by INR received on USD 5,000. Reference rate: European Central Bank data for 13 November 2026. Fees, conversion markup, GST on fees and FIRA charges as published by each provider, checked 28 October 2026. Ranges appear where a provider publishes a range or does not state its GST rate. Intermediary bank charges are excluded. See the methodology.

What is Tazapay and who is it for?

Tazapay is a cross-border payments company, with licensed or registered entities in Singapore, Canada, the United States, Australia and Hong Kong, that offers incorporated businesses card and local payment method checkout, multi-currency collection accounts and payouts, and lists India among its jurisdictions through Tazapay Canada Corp. operating under the Rupee Drawing Arrangement.1815

  • Regulated by: Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.18191
  • Used by: Incorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.12
  • Best for: Companies taking card or local payment methods.12

What is TransFi and who is it for?

TransFi describes itself as a stablecoin payments company offering collections, payouts and a chat-based product called BizPay that it says businesses and individuals can use to collect and send cross-border payments.22317

  • Regulated by: TransFi does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its terms list Trans-Fi India Private Limited as an affiliate but name no Indian licence, regulator or partner bank.2021
  • Used by: TransFi says BizPay can be used by businesses and individuals, including freelancers and sole proprietors without a registered company. It does not publish whether Indian residents are eligible.317
  • Best for: Payment links shared in chat, including stablecoins.34

How do Tazapay and TransFi fees and FX markup compare?

Tazapay and TransFi charge in different ways, so compare the fee and the conversion markup together, not the headline fee alone.

What does Tazapay charge?

Transaction typeFeeFX markupGST on feesBest for
Local bank transfer or Swift into a Global Collection AccountNot published6455Not publishedNot statedClients paying by local bank transfer
Global card payments (non-high-risk industries)3.8% + USD 0.5645Not publishedNot statedClients paying by card
Alternative (local) payment methods through checkout or payment links (non-high-risk industries)0.8 to 2.5%645Not publishedNot statedClients paying through a payment link

What does TransFi charge?

Transaction typeFeeFX markupGST on feesBest for
BizPay payment link or collection, settled in INRNot published370%Not statedClients paying through a payment link

How do Tazapay and TransFi compare on settlement speed?

Tazapay and TransFi publish these settlement times for money reaching an Indian bank account.

PlatformSettlement timePayout to IndiaBest for
TazapayWeekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.910Settlement to the business's bank by local payment method or SWIFT. The help centre lists local currency settlement at USD 5 below USD 1,000 and free above, and wire settlement at USD 35 below USD 10,000 and free above. The pricing page lists settlements as free with a small fee for smaller amounts, local payouts at USD 2 to 5 and SWIFT at USD 5 to USD 35. Funds can also be held in the Tazapay balance.651015Companies taking card or local payment methods12
TransFiTransFi says collections on the USA to India route settle within minutes to a few hours where instant rails are available; its help centre says BizPay transfers are processed as per the bank settlement cycle.711TransFi's USA to India page lists bank transfer, wallets and instant rails, with INR as the settlement currency. No payout fee is published.7Payment links shared in chat, including stablecoins34

Do Tazapay and TransFi provide FIRA and e-BRC, and are they RBI PA-CB authorised?

Tazapay and TransFi publish the FIRA position and RBI status below, checked on 28 October 2026. An e-BRC is generated by the exporter on the DGFT portal from bank remittance data, so it does not depend on the provider issuing one.46

PlatformFIRARBI PA-CB statusBest for
TazapayTazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.56121314Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.18191Companies taking card or local payment methods12
TransFiNot published. TransFi's pages do not mention a FIRA or FIRC.TransFi does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its terms list Trans-Fi India Private Limited as an affiliate but name no Indian licence, regulator or partner bank.2021Payment links shared in chat, including stablecoins34

Which currencies, countries and payment methods do Tazapay and TransFi support?

Tazapay and TransFi accept the currencies and payment methods below, as each publishes them.

PlatformCurrenciesHow clients payCard paymentsBest for
TazapayTazapay says it supports collection in 35+ currencies through Global Collection Accounts, including USD, EUR, GBP, SGD, AUD and HKD. Its currency list marks INR as supported for invoicing, collection and settlement.1516Cards and alternative (local) payment methods through Tazapay's checkout, payment links and plugins; and local bank transfer, SWIFT or stablecoin into a Global Collection Account (virtual account details in the business's name).51525Yes. Tazapay lists global card payments at 3.8% + USD 0.5 for non-high-risk industries, a USD 0.2 authentication fee (waived for successful transactions on the pricing page), USD 2 per card refund and USD 15 per card dispute.56Companies taking card or local payment methods12
TransFiTransFi says BizPay collects in currencies such as USD, EUR, GBP, AUD and AED, and that it supports 40+ currencies overall.38TransFi says payers can use local bank details in supported currencies, SWIFT, bank transfers, digital wallets, real-time payment systems, payment links and QR codes; BizPay requests are paid through a payment link.83TransFi says BizPay supports 250+ payment methods including cards. No card fee is published.3Payment links shared in chat, including stablecoins34

What are the strengths and limitations of Tazapay and TransFi?

Tazapay and TransFi each suit some exporters better than others. These points come from each provider's own pages.

What are the strengths and limitations of Tazapay?

Strengths:

  • Your business is an incorporated Indian company that can provide the KYB documents Tazapay lists for India.12
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.5
  • You want collection account details in currencies such as USD, EUR, GBP, SGD, AUD or HKD and are willing to get a quote from sales.155

Limitations:

  • Tazapay does not appear in the RBI's list of authorised Payment Aggregators, including the cross-border (PA-CB) category, as checked on 28 October 2026; it describes its India set-up as the Rupee Drawing Arrangement.1918
  • Individual freelancers cannot sign up; the account holder must be an incorporated corporation.1
  • Fees for receiving into Global Collection Accounts and the FX margin are not published.545
  • A FIRC for India costs USD 4 and is requested from partner banks rather than issued automatically.514
  • Settlements are weekly by default unless a custom cycle is agreed.9
  • Tazapay's pricing page and help centre publish different settlement and payout fee figures.56

What are the strengths and limitations of TransFi?

Strengths:

  • Your client wants to pay through a payment link sent from a WhatsApp or Telegram chat.34
  • Your client or you want to move money using stablecoins as well as fiat, which TransFi says BizPay supports.322

Limitations:

  • TransFi is not on the RBI list of authorised PA-CB entities as on 16 October 2026, and its pages do not explain its regulatory set-up for Indian exporters.2021
  • No fee schedule, FX markup or limits are published for receiving into India.873
  • TransFi's pages do not mention a FIRA, FIRC or purpose code, which Indian exporters use for GST and bank records.73

Should you choose Tazapay or TransFi?

Choose between Tazapay and TransFi by how your clients pay and your usual invoice size.

Choose Tazapay if:

  • Your business is an incorporated Indian company that can provide the KYB documents Tazapay lists for India.12
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.5
  • You want collection account details in currencies such as USD, EUR, GBP, SGD, AUD or HKD and are willing to get a quote from sales.155

Choose TransFi if:

  • Your client wants to pay through a payment link sent from a WhatsApp or Telegram chat.34
  • Your client or you want to move money using stablecoins as well as fiat, which TransFi says BizPay supports.322

For example, say a designer invoices a US client USD 2,000. Because neither provider does not publish full pricing for that case, ask for a quote in writing and compare it with the FIRA rate after the first payment.45578

Which other platforms should you consider besides Tazapay and TransFi?

Other platforms to consider besides Tazapay and TransFi are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.2728293031323435373840424344

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets260.68%272829303132Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.3133Skydo review
Karbon BusinessUS bank transfers and marketplace payouts341.00 to 1.18%3435Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.34Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone361.00 to 1.18%3738Razorpay provides a Foreign Inward Remittance Statement (FIRS), sent to the contact email within 24 hours after settlement for bank transfers, and downloadable from the dashboard, which shows bank-provided certificates and Razorpay-generated statements. The pricing page lists FIRC or eFIRC as included and auto-generated for international cards. No separate charge is published.363938Razorpay review
WinvestaLocal transfers with a published per-payment fee40411.24%40424344Free e-FIRA, emailed within 24 hours of funds reaching the Indian bank account and downloadable from the dashboard; it shows the purpose code and exchange rate.4342Winvesta review

Compare every provider on your own invoice in the platform cost comparison.

How did we verify this?

We checked this page against the sources below on 28 October 2026. Provider fees, conversion markups and RBI payment aggregator (PA-CB) status were checked on 28 October 2026. Rupee amounts use European Central Bank reference rates for 13 November 2026. Read our methodology or report an error.

  1. [1]Tazapay, General Account Holder Terms and Conditions, last updated 15 September 2026 (checked 2026-10-28)
  2. [2]Tazapay Knowledge Base, Are there country differences for the documents needed for KYB? (checked 2026-10-28)
  3. [3]TransFi, BizPay product page (checked 2026-10-28)
  4. [4]TransFi Help Center, How can I get started? What documents are needed? BizPay (checked 2026-10-28)
  5. [5]Tazapay, Pricing (checked 2026-10-28)
  6. [6]Tazapay Knowledge Base, What is the fee for Tazapay's service? (checked 2026-10-28)
  7. [7]TransFi, Receive money in India from USA (checked 2026-10-28)
  8. [8]TransFi, Receive money (checked 2026-10-28)
  9. [9]Tazapay Knowledge Base, When will I receive my settlement from Tazapay? (checked 2026-10-28)
  10. [10]Tazapay Knowledge Base, What are the settlement options when receiving my payment? (checked 2026-10-28)
  11. [11]TransFi Help Center, How long does it take to transfer funds? BizPay (checked 2026-10-28)
  12. [12]Tazapay Knowledge Base, Who issues the FIRA/FIRC? (checked 2026-10-28)
  13. [13]Tazapay Knowledge Base, How do I get an FIRA, and how long does it take? (checked 2026-10-28)
  14. [14]Tazapay Developer Docs, FIRC (Foreign Inward Remittance Certificate) local guide (checked 2026-10-28)
  15. [15]Tazapay, Global Business Account (multi-currency global accounts) (checked 2026-10-28)
  16. [16]Tazapay Knowledge Base, What currencies does Tazapay support for invoicing, collection, and settlements/payouts? (checked 2026-10-28)
  17. [17]TransFi Help Center, Do I need to be a registered business? BizPay (checked 2026-10-28)
  18. [18]Tazapay, Licences, Registrations and Disclosures (checked 2026-10-28)
  19. [19]RBI, Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India, including Payment Aggregators (PA-O, PA-P and PA-CB) (checked 2026-10-28)
  20. [20]RBI: Payment system operators authorised under the PSS Act, 2007, list as on 16 October 2026 (checked 2026-10-28)
  21. [21]TransFi, Terms and Conditions, last updated 28 May 2026, section 6.4 and Annexure A (checked 2026-10-28)
  22. [22]TransFi, home page (checked 2026-10-28)
  23. [23]Tazapay Knowledge Base, Is there a daily transaction limit with Tazapay? (checked 2026-10-28)
  24. [24]Tazapay Knowledge Base, Is there a per transaction maximum limit with Tazapay? (checked 2026-10-28)
  25. [25]Tazapay Knowledge Base, How do funds reach my collection account? (checked 2026-10-28)
  26. [26]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  27. [27]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  28. [28]Skydo, Home page (checked 2026-10-28)
  29. [29]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  30. [30]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  31. [31]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  32. [32]Skydo, Terms of use (checked 2026-10-28)
  33. [33]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  34. [34]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  35. [35]Karbon, PayPal alternative (checked 2026-10-28)
  36. [36]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  37. [37]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  38. [38]Razorpay, Pricing (checked 2026-10-28)
  39. [39]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  40. [40]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  41. [41]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  42. [42]Winvesta, Multi-currency account (checked 2026-10-28)
  43. [43]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  44. [44]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  45. [45]Tazapay Knowledge Base, What FX rate is charged? (checked 2026-10-28)
  46. [46]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  47. [47]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

Which is cheaper for Indian exporters, Tazapay or TransFi?+

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.45578 The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

Do Tazapay and TransFi give a FIRA to Indian exporters?+

Tazapay: Tazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.56121314 TransFi: Not published. TransFi's pages do not mention a FIRA or FIRC.

Can individual freelancers use Tazapay and TransFi?+

Tazapay: Incorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.12 TransFi: TransFi says BizPay can be used by businesses and individuals, including freelancers and sole proprietors without a registered company. It does not publish whether Indian residents are eligible.317

Are Tazapay and TransFi authorised by the RBI?+

Tazapay: Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.18191 TransFi: TransFi does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its terms list Trans-Fi India Private Limited as an affiliate but name no Indian licence, regulator or partner bank.2021

How fast do Tazapay and TransFi pay out to an Indian bank?+

Tazapay: Weekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.910 TransFi: TransFi says collections on the USA to India route settle within minutes to a few hours where instant rails are available; its help centre says BizPay transfers are processed as per the bank settlement cycle.711

Do I still need an LUT if I am paid through Tazapay or TransFi?+

Yes, if you are registered under GST and want to invoice the export without IGST. The Letter of Undertaking is a GST filing for the financial year, and it does not depend on how the money reaches you, whether through Tazapay, TransFi or a bank wire.47

This page is general information for Indian service exporters, not tax or legal advice. Rules change and outcomes depend on your facts, so confirm with a chartered accountant before acting.

Keep reading

Platforms

Tazapay for Indian service exporters: how it works, costs and limits

How Tazapay works for Indian businesses billing clients abroad: who can sign up, its RDA set-up in India, how clients pay, fees, FIRC and the 2026 EDF rules.

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TransFi for Indian service exporters: how it works, costs and limits

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