TransferMate buys Swiss FX payments firm Devisenwerk

Allows TransferMate access to one of the world’s most important financial hubs TransferMate, the world’s leading cross-border B2B payments provider, agreed to acquire Swiss-based FX payments firm Devisenwerk, in a deal that will give TransferMate direct access to one of the world’s most important financial hubs. Sinead Fitzmaurice, co-founder and CFO of TransferMate, said: We are delighted to announce this acquisition, which is an important step in the global growth of TransferMate. Devisenwerk is an exciting and innovative young company, which gives us immediate market entry into Switzerland, allowing us…

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Brexit Uncertainty Spikes and Pound Plummets

Following the resignation of Brexit secretary Dominic Raab and Pensions Secretary Esther McVey, the British Pound has plummeted. There are expectations of further resignations in what is being called a “rebellion” against the Brexit deal struck by the E.U and U.K. In his resignation letter Raab said, I cannot support an indefinite backstop agreement, where the EU holds a veto over our ability to exit, the terms of the backstop amount to a hybrid of the EU Customs Union and Single Market obligations. No democratic nation has ever signed up…

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Rising up in payments

Empowering women in FinTech Christine Lagarde, Director of the IMF, has said a number of times that if it had been Lehman Sisters rather than Lehman Brothers, the world might well look a lot different today, as the male-dominated financial services industry had indulged in high risk-taking. While the Lehman Sisters theory has been questioned by a few studies, lots of research suggests that more diverse leadership teams make better business decisions, leading to more profitable companies. This is something we have always believed at TransferMate, where five of our…

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TransferMate Global Payments Partner With Accounts IQ

TransferMate Global Payments, the global B2B payments technology company partly owned by AIB and ING Group, has partnered with AccountsIQ to offer its customers a new way to access preferential FX rates for payments, saving them time and money with an automated solution within the AccountsIQ finance system. AccountsIQ’s clients include Web Summit, Gaelectric, Nuritas and Altratech. Gary Conroy, TransferMate’s Chief Product Officer commented, TransferMate is delighted to announce this new partnership with AccountsIQ. With a growing global client base, more AccountsIQ users are demanding simpler, faster and more cost-effective…

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TransferMate becomes the Official Foreign Exchange Specialist of the Laver Cup

TransferMate Global Payments, the world’s leading cross-border payments solutions provider has partnered with Laver Cup to become the Official Foreign Exchange Specialist. The agreement will see TransferMate operate as Laver Cup’s exclusive foreign currency provider for all relevant services relating to foreign exchange payments. The international men’s tennis tournament will see Team Europe take on Team World in Chicago on September 21 – 23. The highly anticipated second edition of the Laver Cup features the world’s best tennis players including Roger Federer, Novak Djokovic, Juan Martin del Potro and Kevin…

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