TransferMate announces strategic relationship with Wells Fargo

Offering seamless payments ability to US commercial banking customers As digital interactions between individuals and companies increase and evolve globally, so does the pressure to reduce friction around the traditional borders that separate us. The international exchange of information, money, and virtually any other unit of value is creating a demand to advance technology to better adapt and enable global financial services solutions in this ever-shrinking world. TransferMate, one of the world’s leading cross-border B2B payments providers, has built a strategic relationship with Wells Fargo Bank, N.A. (“Wells Fargo”) to…

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Benefits for SAP ECC or R/3 users making international foreign currency payments with TransferMate

foreign currency payments

Do your clients use SAP ECC or R/3 and make international foreign currency payments? Do you want to earn referral or implementation fees whilst adding significant value to your clients? If so, TransferMate Global Payments wants to hear from you. Like many SAP ECC and R/3 users, your clients may make payments in several currencies to pay vendors/suppliers. If so, TransferMate’s SAP ECC & R/3 integration is a must and will guarantee to save your clients time and money on all of your foreign currency payments. Today, SAP ECC &…

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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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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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