diff --git a/app/api/aggregator.ts b/app/api/aggregator.ts
index 1c1b949b..8fea7853 100644
--- a/app/api/aggregator.ts
+++ b/app/api/aggregator.ts
@@ -461,6 +461,7 @@ export async function updateTransactionDetails({
   status,
   txHash,
   timeSpent,
+  refundReason,
   accessToken,
   walletAddress,
 }: UpdateTransactionDetailsPayload): Promise<SaveTransactionResponse> {
@@ -476,6 +477,9 @@ export async function updateTransactionDetails({
   if (timeSpent !== undefined && timeSpent !== null && timeSpent !== "") {
     data.timeSpent = timeSpent;
   }
+  if (refundReason !== undefined && refundReason !== null && refundReason !== "") {
+    data.refundReason = refundReason;
+  }
 
   const response = await axios.put(
     `/api/v1/transactions/${transactionId}`,
diff --git a/app/api/v1/transactions/[id]/route.ts b/app/api/v1/transactions/[id]/route.ts
index 2bced3f5..b1d9c8e8 100644
--- a/app/api/v1/transactions/[id]/route.ts
+++ b/app/api/v1/transactions/[id]/route.ts
@@ -39,7 +39,7 @@ export const PUT = withRateLimit(
         new_status: body.status,
       });
 
-      const { txHash, timeSpent, status } = body;
+      const { txHash, timeSpent, status, refundReason } = body;
 
       // First verify that the transaction belongs to the wallet
       const { data: existingTransaction, error: fetchError } =
@@ -64,15 +64,19 @@ export const PUT = withRateLimit(
         );
       }
 
-      // Update transaction
+      // Update transaction (only include refund_reason when provided, e.g. for refunded status)
+      const updatePayload: Record<string, unknown> = {
+        tx_hash: txHash,
+        time_spent: timeSpent,
+        status: status,
+        updated_at: new Date().toISOString(),
+      };
+      if (refundReason !== undefined) {
+        updatePayload.refund_reason = refundReason;
+      }
       const { data, error } = await supabaseAdmin
         .from("transactions")
-        .update({
-          tx_hash: txHash,
-          time_spent: timeSpent,
-          status: status,
-          updated_at: new Date().toISOString(),
-        })
+        .update(updatePayload)
         .eq("id", id)
         .eq("wallet_address", walletAddress)
         .select()
diff --git a/app/api/v1/transactions/route.ts b/app/api/v1/transactions/route.ts
index d7f28be6..3774375d 100644
--- a/app/api/v1/transactions/route.ts
+++ b/app/api/v1/transactions/route.ts
@@ -157,6 +157,7 @@ export const POST = withRateLimit(async (request: NextRequest) => {
         time_spent: body.time_spent,
         tx_hash: body.txHash,
         order_id: body.orderId,
+        refund_reason: body.refundReason ?? null,
       })
       .select()
       .single();
diff --git a/app/components/transaction/TransactionDetails.tsx b/app/components/transaction/TransactionDetails.tsx
index e9d53568..9907218a 100644
--- a/app/components/transaction/TransactionDetails.tsx
+++ b/app/components/transaction/TransactionDetails.tsx
@@ -373,6 +373,18 @@ export function TransactionDetails({ transaction }: TransactionDetailsProps) {
             </span>
           }
         />
+        {transaction.status === "refunded" &&
+          transaction.refund_reason &&
+          transaction.refund_reason.trim() !== "" && (
+            <DetailRow
+              label="Refund reason"
+              value={
+                <span className="text-text-accent-gray dark:text-white/80">
+                  {transaction.refund_reason}
+                </span>
+              }
+            />
+          )}
         <DetailRow
           label="Transaction status"
           value={
diff --git a/app/components/transaction/TransactionList.tsx b/app/components/transaction/TransactionList.tsx
index c7f077df..41ee738c 100644
--- a/app/components/transaction/TransactionList.tsx
+++ b/app/components/transaction/TransactionList.tsx
@@ -77,22 +77,31 @@ export const TransactionListItem = ({
               {transaction.from_currency}
             </span>
           </div>
-          <div className="flex items-center gap-2">
-            <span className="text-text-disabled dark:text-white/30">
-              {new Date(transaction.created_at).toLocaleTimeString([], {
-                hour: "2-digit",
-                minute: "2-digit",
-              })}
-            </span>
-            <span className="size-1 bg-icon-outline-disabled dark:bg-white/5"></span>
-            <span
-              className={classNames(
-                STATUS_COLOR_MAP[transaction.status] ||
-                  "text-text-secondary dark:text-white/50",
+          <div className="flex flex-col gap-0.5">
+            <div className="flex items-center gap-2">
+              <span className="text-text-disabled dark:text-white/30">
+                {new Date(transaction.created_at).toLocaleTimeString([], {
+                  hour: "2-digit",
+                  minute: "2-digit",
+                })}
+              </span>
+              <span className="size-1 bg-icon-outline-disabled dark:bg-white/5"></span>
+              <span
+                className={classNames(
+                  STATUS_COLOR_MAP[transaction.status] ||
+                    "text-text-secondary dark:text-white/50",
+                )}
+              >
+                {transaction.status}
+              </span>
+            </div>
+            {transaction.status === "refunded" &&
+              transaction.refund_reason &&
+              transaction.refund_reason.trim() !== "" && (
+                <span className="text-xs text-text-secondary dark:text-white/50 line-clamp-1">
+                  {transaction.refund_reason}
+                </span>
               )}
-            >
-              {transaction.status}
-            </span>
           </div>
         </div>
       </div>
diff --git a/app/context/TransactionsContext.tsx b/app/context/TransactionsContext.tsx
index 4d40a798..1b005825 100644
--- a/app/context/TransactionsContext.tsx
+++ b/app/context/TransactionsContext.tsx
@@ -88,11 +88,17 @@ export function TransactionsProvider({
               tx.order_id!,
             );
 
-            // Determine new txHash
+            // Determine new txHash and refund reason
             let newTxHash: string | undefined;
+            let refundReason: string | undefined;
             const orderData = res.data;
             if (orderData.status === "refunded") {
               newTxHash = orderData.txHash;
+              refundReason =
+                orderData.cancellationReasons?.length &&
+                orderData.cancellationReasons[0]
+                  ? orderData.cancellationReasons.join(", ")
+                  : undefined;
             } else if (Array.isArray(orderData.txReceipts)) {
               // Prefer validated, settled, then pending
               const relevantReceipt = orderData.txReceipts.find(
@@ -130,15 +136,18 @@ export function TransactionsProvider({
               }
             }
 
-            // update transaction status or txHash if changed
+            // update transaction status or txHash or refund_reason if changed
             const statusChanged = orderData.status !== tx.status;
             const hashChanged = newTxHash && newTxHash !== tx.tx_hash;
-            if (statusChanged || hashChanged) {
+            const refundReasonChanged =
+              refundReason !== undefined && refundReason !== tx.refund_reason;
+            if (statusChanged || hashChanged || refundReasonChanged) {
               // Update backend
               await updateTransactionDetails({
                 transactionId: tx.id,
                 status: orderData.status,
                 txHash: newTxHash,
+                refundReason: refundReason ?? undefined,
                 accessToken,
                 walletAddress,
               });
@@ -149,6 +158,7 @@ export function TransactionsProvider({
                   ? "completed"
                   : (orderData.status as TransactionStatus),
                 tx_hash: newTxHash ?? tx.tx_hash,
+                refund_reason: refundReason ?? tx.refund_reason,
               };
 
               // Update local state
diff --git a/app/pages/TransactionStatus.tsx b/app/pages/TransactionStatus.tsx
index a76c1729..6719d60a 100644
--- a/app/pages/TransactionStatus.tsx
+++ b/app/pages/TransactionStatus.tsx
@@ -222,12 +222,18 @@ export function TransactionStatus({
         return;
       }
 
+      const refundReason =
+        transactionStatus === "refunded" && orderDetails?.cancellationReasons?.length
+          ? orderDetails.cancellationReasons.join(", ")
+          : undefined;
+
       const response = await updateTransactionDetails({
         transactionId,
         status: transactionStatus,
         txHash:
           transactionStatus !== "refunded" ? createdHash : orderDetails?.txHash,
         timeSpent,
+        refundReason,
         accessToken,
         walletAddress: embeddedWallet.address,
       });
@@ -363,9 +369,14 @@ export function TransactionStatus({
           trackEvent("Swap completed", eventData);
           setIsTracked(true);
         } else if (transactionStatus === "refunded") {
+          const reason =
+            orderDetails?.cancellationReasons?.length &&
+            orderDetails.cancellationReasons[0]
+              ? orderDetails.cancellationReasons[0]
+              : "Transaction failed and refunded";
           trackEvent("Swap failed", {
             ...eventData,
-            "Reason for failure": "Transaction failed and refunded",
+            "Reason for failure": reason,
           });
           setIsTracked(true);
         }
@@ -642,6 +653,11 @@ export function TransactionStatus({
       : "";
 
     if (transactionStatus === "refunded") {
+      const refundReason =
+        orderDetails?.cancellationReasons?.length &&
+        orderDetails.cancellationReasons[0]
+          ? orderDetails.cancellationReasons[0]
+          : null;
       return (
         <>
           Your transfer of{" "}
@@ -650,6 +666,14 @@ export function TransactionStatus({
             {formatCurrency(fiat ?? 0, currency, `en-${currency.slice(0, 2)}`)})
           </span>{" "}
           to {formattedRecipientName} was unsuccessful.
+          {refundReason && (
+            <>
+              <br />
+              <span className="text-text-secondary dark:text-white/70">
+                {refundReason}
+              </span>
+            </>
+          )}
           <br />
           <br />
           The stablecoin has been refunded to your account.
diff --git a/app/types.ts b/app/types.ts
index 78f59334..239bae5e 100644
--- a/app/types.ts
+++ b/app/types.ts
@@ -150,6 +150,7 @@ export type OrderDetailsData = {
   settlements: Settlement[];
   txReceipts: TxReceipt[];
   updatedAt: string;
+  cancellationReasons?: string[];
 };
 
 type Settlement = {
@@ -321,6 +322,7 @@ export interface TransactionHistory {
   created_at: string;
   updated_at: string;
   order_id?: string;
+  refund_reason?: string | null;
 }
 
 export interface TransactionCreateInput {
@@ -337,12 +339,14 @@ export interface TransactionCreateInput {
   txHash?: string;
   timeSpent?: string;
   orderId?: string;
+  refundReason?: string | null;
 }
 
 export interface TransactionUpdateInput {
   status: TransactionStatus;
   timeSpent?: string;
   txHash?: string;
+  refundReason?: string | null;
 }
 
 export type JWTProvider = "privy" | "thirdweb";
@@ -381,6 +385,7 @@ export interface UpdateTransactionDetailsPayload
   extends UpdateTransactionStatusPayload {
   txHash?: string;
   timeSpent?: string;
+  refundReason?: string | null;
 }
 
 export type Currency = {
diff --git a/supabase/migrations/20250204000000_add_refund_reason_to_transactions.sql b/supabase/migrations/20250204000000_add_refund_reason_to_transactions.sql
new file mode 100644
index 00000000..f013e6c8
--- /dev/null
+++ b/supabase/migrations/20250204000000_add_refund_reason_to_transactions.sql
@@ -0,0 +1,5 @@
+-- Add refund_reason column to store cancellation/refund reason from aggregator when status is refunded
+ALTER TABLE transactions
+ADD COLUMN IF NOT EXISTS refund_reason TEXT NULL;
+
+COMMENT ON COLUMN transactions.refund_reason IS 'Reason for refund when status is refunded (from aggregator cancellationReasons)';