In order to build a market presence in Australia, TransferMate Global Payments has signed a strategic partnership with multi-national accounting firm, Mazars.
The partnership is key to how TransferMate will advance in the market through Mazars offering its clients use of the TransferMate platform to send and receive international payments.
Andrew Porter Chief Revenue Officer for TransferMate in Australia and New Zealand, said “Partnerships with groups like Mazars and MYOB allow TransferMate to develop our market presence quickly in Australia and overseas, as we are embedding our proven transfer payments platform to create seamless transactions for their thousands of clients.
“TransferMate is now providing Mazars’ customers in Australia with a one-stop international payment solution at preferential foreign exchange rates with no transfer fees”, he added.
TransferMate has built and controls an end-to-end global payments network enabling cheaper, faster and easier cross-border payments, completely bypassing the traditional correspondent banking network.
Matthew Ashley Partner at Mazars said “We are pleased to be partnering with TransferMate as part of our provision of value added services to our clients, many of whom receive and send funds offshore on a regular basis”.
TransferMate currently has more than 10,000 corporate clients in over 145 countries in 117 currencies, with a growing number of end-users using its platform for international payables and receivables, processing over $10 billion in transfers to date.
Andrew Porter of TransferMate, who previously established OzForex and WorldFirst in the Australian market, added “We have market leading, B2B technology and the ability of TransferMate’s technology platform to integrate with a variety of enterprise software systems, including the world’s top cloud accounting platforms, provides us with an edge over our competitors”.
The Irish based group 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.
As part of the successful Taxback Group, TransferMate Global Payments was founded in Ireland in 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.
Mazars is an international, integrated and independent accounting firm. As of 1st January 2018, Mazars operates throughout the 86 countries and territories that make up its integrated partnership.
In Australia, Mazars team of over 125 highly trained professionals span across offices in Sydney and Melbourne.
We provide a comprehensive range of professional and independent services to clients of all sizes at every stage of their development including:
- Business Advisory
- Accounting and Outsourcing
- Corporate Advisory Services
For more information on TransferMate, visit: www.transfermate.com