Announced at Money2020 Europe in Amsterdam, TransferMate is now offering an API, allowing software partners and business customers access to its globally regulated payments technology through direct integration.
TransferMate says it can now enable same day payments across 162 countries and 134 currencies. The TransferMate API is said to be able to handle thousands of payments at once, reducing administrative workload.
Gary Conroy, Chief Product Officer at TransferMate, said that by implementing the TransferMate API, their partners provide a seamless payment experience to their customers.
“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.”
TransferMate has garnered strategic investments from leading banks such as ING Group N.V. and Allied Irish Bank, which have cumulatively invested €51 million in the company.