EXHIBIT 31.2 CERTIFICATION OF THE CHIEF FINANCIAL OFFICER
PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002 I, Adam Wasserman, certify
that: 1.        I have reviewed this
 quarterly report on Form 10-Q of Transax International Limited for the six
 months ended June 30, 2010. 2.        Based on my knowledge,
 this quarterly report does not contain any untrue statement of a material
 fact or omit to state a material fact necessary to make the statements made,
 in light of the circumstances under which such statements were made, not
 misleading with respect to the period covered by this quarterly report; 3.        Based on my knowledge, the
 financial statements, and other financial information included in this
 quarterly report, fairly present in all material respects the financial
 condition, results of operations and cash flows of the registrant as of, and
 for, the periods presented in this quarterly report; 4.        The registrants other
 certifying officer(s) and I are responsible for establishing and maintaining
 disclosure controls and procedures (as defined in Exchange Act Rules
 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
 defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and
 have: (a)
 Designed such
 disclosure controls and procedures, or caused such disclosure controls and
 procedures to be designed under our supervision, to ensure that material
 information relating to the registrant, including its consolidated
 subsidiaries, is made known to us by others within those entities,
 particularly during the period in which this report is being prepared;(b)
 Designed such internal
 control over financial reporting, or caused such internal control over
 financial reporting to be designed under our supervision, to provide
 reasonable assurance regarding the reliability of financial reporting and the
 preparation of financial statements for external purposes in accordance with
 generally accepted accounting principles;(c)
 Evaluated the
 effectiveness of the registrants disclosure controls and procedures and
 presented in this report our conclusions about the effectiveness of the
 disclosure controls and procedures as of the end of the period covered by
 this report based on such evaluation; and(d)
 Disclosed in this
 report any change in the registrants internal control over financial
 reporting that occurred during the registrants most recent fiscal quarter
 (the registrants fourth fiscal quarter in the case of an annual report) that
 has materially affected, or is reasonably likely to materially affect, the
 registrants internal control over financial reporting; 5.        The registrants other
 certifying officer(s) and I have disclosed, based on our most recent
 evaluation of internal control over financial reporting, to the registrants
 auditors and the audit committee of the registrants board of directors (or
 persons performing the equivalent functions): (a)
 All significant
 deficiencies and material weaknesses in the design or operation of internal
 control over financial reporting which are reasonably likely to adversely
 affect the registrants ability to record, process, summarize and report
 financial information; and(b)
 Any fraud, whether or not
 material, that involves management or other employees who have a significant
 role in the registrants internal control over financial reporting. Date:
August 23, 2010 /s/ Adam WassermanAdam WassermanChief Financial Officer
 and Principal Financial and Accounting Officer