Transforming B2B cross-border business with the launch of the TransferMate API

Developer portal allows businesses to integrate international payments directly into their current systems

TransferMate, one of the world’s leading cross-border B2B payments providers, today at Money2020 Europe in Amsterdam launched the TransferMate API, allowing software partners and business customers access to its globally regulated payments technology through direct integration.

With the ability to securely embed same-day, cross-border payments in 162 countries and 134 currencies directly into treasury, accounts payable or ERP systems, the TransferMate API can handle thousands of payments at once, reducing administrative workload and saving businesses time and money.

Gary Conroy, Chief Product Officer at TransferMate said:

"Today’s announcement is a call to action for technology platforms to seize the opportunity and embed payments into their systems. By implementing the TransferMate API, our partners provide a seamless payment experience to their customers, get an incremental revenue stream themselves, and TransferMate does the heavy lifting as the regulated entity. TransferMate transforms traditional cross-border payments by utilising their own global network of local bank accounts and worldwide license footprint. TransferMate has to date provided the service via online and white-label solutions, and now we are delighted to announce that platforms can access TransferMate’s award-winning payments solution via the TransferMate API."

The TransferMate API offers a full suite of secure developer tools and webhook functionality, all fully documented on its developer portal. Key API calls include: token-based authentication request, setting up bank accounts, adding beneficiaries, getting an exchange rate, booking a payment, and getting status updates on payment progress.

The TransferMate API allows businesses to integrate payments technology with their current systems, enabling them to focus on what they do best while partnering with an industry-leading international payments firm to enhance their current customer offering. Businesses can view developer documents and register for access at developer.transfermate.com.

About Transfermate

TransferMate is a global B2B payments technology firm, enabling companies to send and receive cross-border payments faster and easier than ever before. TransferMate has built one of the largest portfolios of payments licences worldwide, including in 51 US states and territories, to support trading in 162 countries and 134 currencies. Leading banks, fintechs & software providers partner with TransferMate to offer an enhanced user experience for their business customers. Using TransferMate’s technology and global banking infrastructure, companies benefit from better exchange rates, greater transparency and improved reconciliation via direct integration into accounting and ERP systems.

The unique TransferMate offering has also attracted major strategic investments from leading banks such as ING Group N.V. and Allied Irish Bank, which have cumulatively invested €51 million in the company.