TransferMate adds New Zealand Dollar to Global Accounts for businesses to pay, receive and hold NZD locally

TransferMate, the world’s leading provider of embedded B2B payments infrastructure as a service (IaaS), has today announced the addition of the New Zealand Dollar to its Global Accounts solution as it further expands its global footprint and strengthens its position as the market leader in cross-border payments.

From today, any TransferMate client wanting to do business in New Zealand will be able to open a locally based account, complete with unique, addressable details. This ensures that businesses can manage payments, receivables and maintain a New Zealand Dollar currency balance in an account in their own name.

New Zealand represents a dynamic market with strong activity across sectors such as agriculture and technology, in addition to a growing e-commerce trade, all of which rely on seamless international trade and financial flows. By enabling businesses to pay, receive, and hold funds locally, TransferMate is removing friction and unlocking new revenue opportunities where local collection and compliance are essential.

“Our clients and partners in multiple jurisdictions have been asking for this capability, and today we’re delivering it,” said Gary Conroy, CEO of TransferMate. “By expanding our Global Accounts coverage into New Zealand, we’re removing barriers, reducing friction, and powering growth opportunities for our clients, particularly in the ecommerce and FX spaces. With each new country we add, we’re deepening the value we deliver across our partner ecosystem and continue to set the benchmark for global, embedded B2B payments.”

TransferMate owns the largest fintech payments infrastructure in the world, and the addition of the New Zealand Dollar follows the recent addition of Brazilian Real, Chinese Yuan, and Philippine Peso, with further currencies and markets set to be added throughout the year.

For more on our Global Accounts solution, click here.