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TransFast is a cross-border remittance network provider with 280,000+ global cash pickup locations, enabling money transfers primarily from Gulf Cooperation Council countries.
Data compiled from public sources
TransFast operates as a network provider specializing in cross-border remittance services, with particular focus on originating institutions in Gulf Cooperation Council (GCC) countries. The company has built infrastructure to facilitate international money transfers at scale. TransFast's primary service offering centers on remittance capabilities paired with an extensive cash payout network.
The company maintains approximately 280,000 cash pickup locations globally as of March 2022, allowing recipients to collect transferred funds in cash across multiple countries. TransFast distinguishes itself through its large partner network rather than direct consumer-facing operations—the platform operates as a backbone service for originating institutions rather than a standalone consumer money transfer app. The company is authorized by the Central Bank of Jordan as an International Electronic Payment System and operates through Mastercard Transaction Services (US) LLC, providing regulatory oversight and institutional credibility.
TransFast offers transaction tracking capabilities via Transaction PIN (TF PIN) provided on sender receipts, enabling transparency in the transfer process. The honest assessment is that TransFast functions primarily as a B2B network infrastructure provider rather than a direct-to-consumer remittance service, meaning consumers typically access TransFast services through partner institutions rather than using TransFast directly. The company's focus on GCC originating countries means availability and service quality may vary significantly by geography and partner institution.
This is state-level context for Check Cashing & Money Services consumers in New York, NY. It does not confirm that TRANSFAST or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Short-term lending status: Banned
General rate context: 16% civil usury; 25% criminal usury; payday lending banned
New York bans payday lending through its 16% civil usury and 25% criminal usury caps. The Department of Financial Services aggressively pursues illegal online payday lenders. Consumers have strong protections under state law and can file complaints with DFS or the Attorney General.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
TRANSFAST offers 8 services including Cross-border remittance services, Cash payout network access via 280,000+ global locations, Transaction tracking via Transaction PIN (TF PIN), Remittance origination support for GCC institutional partners, International Electronic Payment System services, and 3 more.
TRANSFAST has profile signals associated with GCC country residents sending money internationally through partner financial institutions, Institutions seeking to offer remittance services through established network infrastructure, Recipients in countries with TransFast's 280,000+ cash pickup locations needing cash-based fund collection.
Key strengths: Extensive global cash pickup network with approximately 280,000 locations as of March 2022; Authorized by Central Bank of Jordan as an International Electronic Payment System, providing regulatory legitimacy; Transaction tracking capability via Transaction PIN (TF PIN) system for sender verification. Areas to consider: B2B network provider model means consumers cannot use TransFast directly—only through partner institutions; Limited transparency on specific fees and exchange rates on public website.
In the Check Cashing & Money Services category, comparable providers include 10th Avenue Check Cashing Corporation, A & S Foreign Exchange Inc, E Z Money LLC. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
TransFast is profile signals for institutions and residents in Gulf Cooperation Council countries who need cross-border remittance infrastructure with extensive global cash pickup capabilities. The main caveat is that TransFast operates exclusively as a B2B network provider—individual consumers cannot use TransFast directly but only through partner financial institutions, and service availability varies significantly by geography and partner.
10th Avenue Check Cashing Corp cashes checks, processes money orders, and offers bill payment services in Hell's Kitchen, Manhattan. Open 7 days with convenient midtown location.
Profile signals: Hell's Kitchen residents needing local check-cashing without traveling to other neighborhoods, Customers who need multiple services (check cashing + bill payment + metro cards) at one stop
A & S Foreign Exchange Inc. is a New York-based currency exchange and traveler's check service operating for over 27 years, offering rate claims to verify on major world currencies.
Profile signals: International travelers departing from or returning to the New York area needing currency exchange, Customers requiring physical in-person currency exchange with immediate transactions
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