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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Top 5 remittance-receiving countries for 2016

Top 5 remittance countries 2016

The World Bank suggests in their latest Migration and Remittances study for 2016, that remittance flows have declined by 2.4%, to 429 billion US Dollars, after a 1% decline in 2015. This is the first time in recent history that remittances have declined for 2 years in a row. TransferMate solutions can help your company with remitting money to all of these countries, simplifying your international wire transfers processes and saving you valuable resources, time and money. Here are the top five remittance-receiving countries for 2016: India – $62.7 billion Indians…

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TransferMate Secures New York License completing its entire US State Wide approval

TransferMate regulated in New York

New York, USA – May 5th, 2017 – TransferMate, the world’s leading cross-border payments platform today announced that they have successfully added New York to their list of regulated territories. This news follows hot on the company’s recent announcement of further expansion across the USA and further substantial job creation. TransferMate provide award-winning cross-border solutions and applications, creating genuine levels of disruption in the international FinTech industry. The company has in excess of 7,000 corporate clients in over 50 countries and a growing following of end-users using its payments platform…

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Intelligent, Precise, Secure International Payroll – Running Like Clockwork

International payrolls

The days of having to run the gauntlet when making international payments are over. Gone are the huge costs that businesses once faced, the hours involved, the endless administration and the headaches from trawling back through data to rectify errors. Our international Payroll Experts have been working closely with their clients for a number of years now and it’s more than clear that the international payments services offered by the banks no longer meet their changing needs. We set ourselves the challenge of making payroll simpler for all involved. We’re…

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10,000 Payments In The Blink of an Eye…

The Future of FinTech

“TransferMate’s Mass Payment solution has revolutionised the way our company processes international transfers. The simplicity and sheer efficiency of their online platform is a joy to use” TransferMate Global Payments have made great advances in the processing of Mass Payments. Our bandwidth for custom uploading cross border payments file is now at 10,000 payments, all processed within a matter of seconds, making it easier to deliver cross border payments simultaneously via our online system. 10,000 Payments at a time – No problem! Using our Mass Payment upload facility, businesses can…

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