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02 Dec 2016

TransferMate Global Payments is Disrupting Currency-Exchange Businesses across the World and Have Just Announced Their Expansion into Jersey

TransferMate Global Payments, is officially the first Fintech international foreign currency exchange provider for businesses and individuals to become regulated in Jersey.  TransferMate aims to compete with the banks when it comes to sending international money transfers from Jersey or collecting international funds abroad for Jersey businesses involved in importing/exporting to Europe or the USA.

 

Co-founded by Sinead Fitzmaurice, who spent 10 years of her career working with PricewaterhouseCoopers, initially in Ireland followed by 6 years advising Jersey companies as a senior manager in PwC Jersey, Sinead has since gone on to play a crucial role in securing global regulation for TransferMate and developing its online and API Technology to eliminate hours of administration and cost for customers switching to TransferMate from their bank.  Sinead is all too aware of how uncompetitive the banks in Jersey are when it comes to handling foreign currency transfers from Jersey to Europe or the USA or Australia and vice versa. 

 

TransferMate allows transactions to be processed so quickly because all the users are connected through its network when making or receiving payments across the globe.  We have spent years building our core payments engine connected to a network of our bank accounts in over 50 countries in addition to securing regulatory approval across Europe, Australia, Canada, each State in the USA, India, and now Jersey.  Our customers experience faster payments at a fraction of what the banks charge as all the unnecessary handlers in the middle are cut out.”  

 

Offering better exchange rates and a 24 hour platform to book payments is a key reason for clients to quickly see that we offer a smarter solution for sending and receiving foreign currency payments. TransferMate has been recognised globally, winning several major awards for its global payment solution including the Big Innovation Award in North America this year and has rapidly become the provider of choice for both businesses and individuals worldwide assisting over 35,000 clients to send and receive international payments faster and cheaper than the bank.

 

It’s a proud day for me to be able to return to Jersey and offer our solution to many leading clients that I would have worked with in my days in PwC and I would encourage anyone using the bank today to compare and never ever assume that your bank is offering you the best deal.” says Sinead Fitzmaurice.

 

 

Media Contact

Darragh Muldoon

Marketing Manager

E: dmuldoon@transfermate.com 

T: +44 207 659 9185