TransferMate Global Payments is the world’s leading provider of B2B payments infrastructure-as-a-service. Over the past decade, TransferMate has built the largest non-bank network in the world that covers 200+ countries and territories in 140+ currencies.
We work with world-leading payroll providers and Employers of Record to enhance their global payment capabilities. We automate payroll payments to nearly every country in the world, enabling our partners and their clients to process global payroll accurately and on time, all while reducing manual administration and costs. Our Global Accounts solution allows our clients and partners to open local, segregated and addressable (BIC and IBAN) virtual accounts in 30+ currencies, expanding pre-funding options and meeting local compliance rules.
The core innovation that TransferMate brings to the market is the combination of the building of a tangible global payment’s infrastructure (made up of 92 proprietary individual country and territory financial licences) combined with our software and API solutions to allow money flow through that infrastructure seamlessly.
What we are doing is not only digitalising money movement across the world but building it within a fully regulated and secure environment. This approach provides an environment that global payroll providers and EORs can trust.
Benefits of working with TransferMate to deliver international payroll
Due to the global infrastructure we’ve built, payroll payments move through our network faster, more transparently, and more cost-effectively than with the traditional correspondent banking system.
Agile Payroll Cycle
Our pre-funding and settlement options give payroll partners and client teams more control and flexibility over how they deliver international payments.
Excellent FX Rates
We offer market-leading FX rates by leveraging our global network of local payment rails and cutting out unnecessary 3rd parties handling funds.
Reduce Errors
Our systems use automation to reduce errors and manual administration.
Flexible Settlement Options
We offer multiple payroll funding options, from Global Reverse Wire, Push Funds, Direct Debit, and our Global Accounts solution.
Full Visibility over Funds
You have full visibility over funds, with easy reporting tools for clients.
Improved Reconciliation
Our end-to-end solution means an easier reconciliation process for you and your clients.
Local Payment Rails, with Payment Options
Clients make payments as if they were paying like a local entity, with multiple payment options such as ACH, Wire Transfer and others.
Joint solution, your branding
We can build white-label and API integration options, so your clients never leave your branded platform.
All this allows for both significant cost and time saving for payroll partners and finance teams processing international payroll.
“It’s allowed us to go truly global. We’re able to transact pretty much anywhere on the planet. No EOR can operate globally without the support of a company like TransferMate.”
“The integration is working brilliantly – I would absolutely recommend TransferMate as a payments partner. They’re someone you can trust.”
The ability to automate payment seamlessly to over 200 locations quickly, accurately, and compliantly has been a critical enabler in delivering an end-to-end payroll solution to the likes of Uber, Adobe, Wayfair, and Columbia University for their global workforce.
