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05 Apr 2016

Arizona Businesses Set To Save Millions In International Wire Fees Using TransferMate

Arizona, USA – April 5th, 2016 – TransferMate, the award-winning FinTech multinational has today announced that they have successfully added Arizona to their list of regulated territories. This news follows hot on the company’s recent win of the 2016 BIG Innovation Award in the USA. 

 

"Businesses across Arizona have been paying exorbitant fees to transfer money. For a business to make a cross border payment of just €30,000 euro i.e. to a vendor in Germany, the top 4 banks will charge over $USD1,000 in exchange rate margins and international wire fees. These are some of the highest fees we have seen banks charge anywhere in the world and our solution will cut bank fees by over 90%,” says Barry Dowling, Co-Founder of TransferMate Global Payments.  

 

Over 95% of businesses today use their bank to send international payments as it is simply the way these payments have always been done. With banks charging anywhere from $USD45 - $USD55 every time a business transfers money and TransferMate only charging an average of $USD5, it makes sense to speak with TransferMate today. 

 

Michele Keogh, Trade Expert with Kevin O'Malley, American Ambassador to Ireland

Michele Keogh of TransferMate with the American Ambassador of Ireland, Kevin o'Malley

 

About TransferMate

TransferMate Global Payments is a market-leading international solution for businesses worldwide who wish to send and receive payments.  The company is fast growing its client base across the globe with their mission of becoming the first choice for buyers and sellers exchanging money internationally.

 

With locations across Europe, North America and Australasia, TransferMate has invested heavily to create its own global clearing system that enables businesses to avoid the significant expenses and delays that traditionally come with moving money from one country to another via a chain of banks.

 

 

 

Arizona License

Arizona License

 

Media Contact

Darragh Muldoon

Marketing Manager 

E: dmuldoon@transfermate.com 

T: 312 924 3737