TransferMate Announce Strategic Collaboration with PwC Australia to Offer Businesses A Smarter Foreign Exchange Solution.

Sydney, Australia – 12th May, 2016 - TransferMate Global Payments, www.transfermate.com, the fastest growing foreign exchange solution in Australia, announced today that it has launched a strategic collaboration with professional services firm, PwC Australia, that will combine their capabilities in helping companies to send or receive cross border transfers globally faster and cheaper than using the bank.

Commenting on the collaboration, Barry Dowling, Co-Founder of TransferMate Global Payments said, “Businesses have tended to use their bank to send and receive international payments at a cost that can easily be avoided. We provide a smarter solution that is both faster and cheaper, and have over 15,000 companies in Australia and around the world using our service regularly. It has never been easier to compare and find out how much more your bank is overcharging and we have teams available 24 hours, Monday to Friday to assist."

TransferMate now integrates with every major accounting software in Australia, so that businesses can pay their international suppliers direct from their accounting software packages including: MYOB, Xero, Netsuite, AP, QuickBooks, and many more.

TransferMate have built a network of bank accounts globally, which integrate with its proprietary back office systems allowing it to collect payments in Australia and pay out same day from any one of its global bank accounts anywhere in the world, speeding up payments and eliminating 90% of the bank charges.

This collaboration with PwC has come about on foot of a mutual goal to deliver a purpose-built cloud platform that brings together some of the leading cloud solutions in the market today, all in one place. PwC’s ‘Next’ combines multiple cloud accounting tools and integrated cloud applications on an open platform. It also includes customisable dashboards that provide a holistic view of a client’s entire portfolio, including business trends, in real time.

“There’s a phenomenal amount of innovation happening in the local cloud environment – having an open platform that allows us to continuously bring on best of breed solutions for our clients is absolutely critical.” PwC’s Private Clients’ Leader David Wills said.

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About TransferMate

TransferMate is the market-leading, international choice for businesses worldwide that send and receive foreign currency payments. The company has created one of the world’s most extensive networks of bank accounts, with over 200 active accounts in over 50 countries, allowing them to secure better exchange rates, eliminate bank fees and provide business with faster payment services. Through extensive investment in global regulation & compliance and the development of an international bank account network, along with leading-edge, innovative payments technology, TransferMate provides a truly superior service to clients sending and receiving international payments.

Media Contact

Darragh Muldoon

Marketing Manager

E: dmuldoon@transfermate.com

T: 02 9037 2735