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TransferMate

by TransferMate - TransferMate Global Payments · Since 2008
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ActiveAvailable globallyCloud
Quick facts
VendorTransferMate - TransferMate Global Payments
Year launched2008
StatusActive
LocationIDA Business and Technology Park, Ring Road, Kilkenny, Ireland R95 ETN5
Countries servedGlobal
Languages12
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About TransferMate

TransferMate is a global payments infrastructure platform that enables businesses, financial institutions, software providers, and fintech companies to automate cross-border payments, receivables, virtual accounts, and foreign exchange operations through a secure and scalable payment network.

TransferMate provides a comprehensive cross-border payments ecosystem designed to simplify international transactions for businesses operating across multiple markets. The platform combines embedded payment technology, receivables management, virtual accounts, and foreign exchange risk management into a unified infrastructure that supports global commerce. With coverage spanning more than 200 countries and territories, over 140 currencies, and more than 100 regulatory licenses, TransferMate enables organizations to send, receive, store, and manage funds internationally while reducing complexity and operational overhead. Businesses can integrate TransferMate directly into their applications through APIs, allowing payment functionality to become a seamless part of existing workflows. The platform also offers virtual accounts in over 35 currencies, enabling companies to transact like local businesses in multiple jurisdictions. Through automated invoicing, receivables solutions, and streamlined collections, organizations can accelerate cash flow and reduce manual administrative tasks. TransferMate’s FX risk management tools, including FX forwards, help businesses lock exchange rates and improve financial predictability. The platform serves banks, financial institutions, ERP providers, procurement software vendors, payroll providers, e-commerce businesses, and global enterprises seeking efficient international payment capabilities.

Pros & Cons

Pros
  • Multi-currency capabilities simplify worldwide payment and collection operations significantly.
  • Extensive global coverage supports international business growth and expansion.
  • FX risk management tools improve financial planning and forecasting accuracy.
  • Strong API integrations enable seamless embedding into existing platforms.
Cons
  • Implementation may require technical resources for advanced API integrations.
  • Pricing information is not publicly disclosed for standard customers.
  • Complex international payment configurations may need specialized onboarding assistance.
  • Some services may vary depending on country-specific regulatory requirements.

Features

Key features

Global Payment Infrastructure

Provides a licensed, non-bank payment network covering 200+ countries and 140+ currencies.

Embedded Payments API

Offers pre-built APIs for banks, fintechs, and software providers to integrate cross-border payment capabilities.

Global Accounts

Enables the opening of virtual accounts in 35+ currencies to hold, pay, and receive funds locally.

FX Risk Management

Provides FX forwards to lock in exchange rates and mitigate currency volatility for international transactions.

Automated Reconciliation

Includes reference numbers and payer data with every payment to streamline accounting processes.

Additional features

Multi-Currency Invoicing

Allows businesses to issue invoices in local currencies and receive funds in their preferred currency.

Real-Time Risk Assessment

Utilizes AI-driven monitoring to identify and flag potentially fraudulent transactions.

Sanction Screening

Implements advanced protocols to identify involvement with sanctioned individuals, organizations, or countries.

Multi-Tenant Architecture

Ensures data isolation and role-based access control within the platform.

Sandbox Environment

Provides a testing area for developers to perform end-to-end integration testing.

Automated Reporting

Generates detailed reports to assist with financial tracking and compliance requirements.

White-Label Solutions

Allows partners to offer payment services under their own brand using TransferMate's infrastructure.

Multi-Payment Options

Supports various payment methods including ACH, Same Day ACH, domestic wires, and international wires.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
12
Interface languages
8
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseDutchPolishRussianChineseJapaneseen

Billing currencies

🇦🇺AUD🇨🇦CAD🇨🇳CNY🇪🇺EUR🇬🇧GBP🇯🇵JPY🇺🇸USD🇺🇸USD

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