TransferMate Global Payments is gearing up to become a major player in the Australian and New Zealand market.
The company, has nine office across the world and has just passed the €10 billion milestone in payments across 145 countries in 117 currencies, claims it is superior to local competitors with its lower cost, greater speed and transparency in global payments, coupled with superior service levels, to local customers.
With a global footprint with nine offices, TransferMate also features market leading B2B technology platform and the ability of TransferMate’s technology to integrate with a variety of enterprise software systems, including the world’s top cloud accounting platforms.
TransferMate recently announced a €30 million minority investment from its strategic investment partner Allied Irish Banks PLC, to accelerate its expansion across the world, including Australasia.
A key part of its local expansion is the appointment of Andrew Porter as Chief Revenue Officer for Australia and New Zealand, after previously establishing competitors WorldFirst and OzForex.
Mr. Porter brings more than 20 years of growth and leadership experience in the global payments industry across Australia, New Zealand and the United Kingdom, and he will be responsible for executing TransferMate’s aggressive growth plans across Australia and New Zealand.
TransferMate’s Co-Founder and Group Chief Financial Officer, Ms Sinead Fitzmaurice said
In recent months, we have gained a significant investment from the leading Irish bank, AIB, allowing us to expand into new markets, including Australia and New Zealand, at a rapid rate.
We are also partnering with banks and collaborating with other FinTech providers, as we see the move towards open banking provide unprecedented opportunities for payments companies like TransferMate, to offer better solutions for business customers, making and collecting foreign currency payments
Mr Porter said
My TransferMate mission is to reduce cost, improve speed and eliminate unnecessary administrative burden for any company that utilises TransferMate’s service when making or receiving cross border payments.
As part of the successful Taxback Group, TransferMate Global Payments was founded in Ireland 2010 and now owns one of the world’s largest currency settlement networks, providing companies of all sizes and financial institutions with a payments solution to conduct cross-border transfers – at high speed and low cost.
TransferMate partners with MYOB International Payments, creating a seamless payment process for companies using the software, and the company has won many industry awards.
For more information on TransferMate, visit: www.transfermate.com