Hungry For Savings? Find Out How To Improve Your Overseas Purchases

Hungry for savings?

Are you purchasing FMCGs overseas? Buying raw ingredients from exotic locations? Due to the perishable nature of food goods for human consumption and the ingredients involved in food production, producers and suppliers cannot afford to waste time once goods are ready to ship! Any delays in the supply chain could affect the end seller not getting their goods and can cost a lot in terms of money and time, besides supplier relationships. Having a streamlined, efficient payments process for overseas shipments of FMCGs is one way to help improve the above…

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Sending Payments to China? Problems?

Paying china suppliers

Does your company ever experience difficulties paying suppliers in China? So you have suppliers in China who need to be paid? There are a number of methods to pay them. However, some are safer, simpler and more cost effective than others. According to the World Bank, China is one of the top receiving countries of international remittances. Here are some tips to help you find the most cost effective, fast and secure option for paying suppliers in China: Check the Chinese currency rules It is very important to know that…

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TransferMate primes itself for post-Brexit EU market dominance with further expansion of senior management

The only EU payment institution regulated in USA and EU

  Announces achievement of full U.S. regulatory approval. Post-Brexit, TransferMate will become only EU Payment Institution regulated throughout the EU and every U.S. state. Appoints Gary Conroy, former MD, Realex as Chief Commercial Officer. Appoints Rafael de la Vega, former Director of Global Partnerships at Intuit in Silicon Valley, as North American Board advisor. Dublin – August 6, 2017 – TransferMate, the global B2B end-to-end payments platform today announces the expansion of its senior management team following its achievement of full U.S. regulatory approval. Upon Britain’s exit from the EU, the Kilkenny company, which is owned by…

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The Future of FinTech in a Post-Brexit World.

FinTech Integration

Are FinTech companies disrupting the way established financial institutions operate today? In an age of rapid advances in technology coupled with innovation across many industries, FinTech companies have also increased the rate of change in terms of processes, technology and the levels of customer service provided. For example, there are many “challenger banks” which have entered the UK market but they are often a secondary banking provider to customers offering alternative mobile technology like Starling or Monzo. At TransferMate we believe partnerships are the way forward, working with banks around…

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Importing and Exporting: The Currency Problem and How To Fix It!

Importing and Exporting

The Currency Problem You might win or you might lose. Either way, you’ve got to ship! The currency problem creates a risk factor for any company importing and/or exporting. While your product is being shipped, you may be losing profits due to relative changes in currencies against the US dollar or whichever base currency is used in the country you’re in. Overseas buyers usually pay for imports in their own currency so they know exactly what they are paying, before the intermediary bank converts the funds into the local currency…

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