TransferMate

TransferMate is a payment infrastructure provider for domestic and international business settlements, including integrations under a partner's own brand. It states that it supports more than 140 currencies, and it uses an API and its own network of licences to embed B2B payments into banking and software products.

Services

The listed services are international payments, domestic payments and embedded payments. The company also describes global business payments, multi-currency virtual accounts and currency forwards. A claim on the site mentions accounts in 35 or more currencies, though the full list is not given. It lets partners add a network of payments and local receipts to third-party products.

Licensing

The legal entity named is Interpay UK Ltd, which is stated to be an electronic money institution authorised by the Financial Conduct Authority under reference 900930. The provider's FAQ states that funds it stores or transmits are safeguarded and segregated.

Clients and fees

The target groups are companies and financial platforms. Fees depend on the transaction: type, currency and volume all affect the price, and the cost is disclosed at the time of transfer. A developer section is published on the company's website. Supported countries and onboarding requirements should be confirmed with the company.