Developing software is like building and selling a house – you need to get the foundations right, pick the right materials, make it functional, and decorate it so people enjoy experiencing it. For software engineers, instead of using bricks and mortar they use solutions they bring together in a ‘tech stack’.   Tech stacks can be relatively simple (and ‘relatively’ is a relative term here) to incredibly complex but it’s all about bringing together lots of different solutions to create a product or service that works digitally. When it comes to adding an international payments element into ..read more

All the best games have rules. Without them, we could never make any progress up the ladder, slide down the snake, build a hotel in Monopoly, or feed a hungry hippo. Without rules, anarchy ensues, and nobody has any fun. These games are a great learning ground for the rules-based world we have to follow as adults. Those rules that protect us and others.   In the payments industry, moving money around the world requires navigating a complex set of rules, laws, and regulations. It can be tough for individual businesses, and even global enterprises, to comply with all of them without sp ..read more

For international students and their benefactors, sending money across the world can be particularly fraught, with both real and perceived complications. It requires a lot of trust, and the nerves won’t fully subside until the student is sitting in the lecture hall on the first day of term. To look after students and the people who support them during this process, there are several pillars educational institutes can follow to remove payment friction and improve the overall experience. 1. Create a single sign-on and integrated portal for all student payment requirements Payment portals should ..read more

How do you buy and sell into new territories to grow your business? It’s a simple question, but there are enough books written about it to fill a good-sized library, and more videos and course available than you could complete in two lifetimes. If you ever dive into it, the technical process of setting up a financial footprint in new territories has multiple considerations and moving parts, a reason historically banks have dedicated entire departments to cash management and transaction banking. In the past businesses often had to judge the pros and cons of managing multiple currencies in a sin ..read more

Most parents will be familiar with the feeling of picking up one of their children’s schoolbooks, reading a fact, and saying to themselves, ‘that’s not what I was taught when I was at school.’ Facts change over time. Our understanding of a subject improves, or innovations come along which give us a better way of doing things. This is now also true of the way in which parents pay for their children’s school years. Innovations in the financial sector have allowed money to move around the world faster, more cost-effectively, and more transparently than ever before – all in a fully regulated and s ..read more

The FinTech Awards MENA, produced by FinTech Intel, announced TransferMate as the 2023 FinTech of the Year. This year’s event showcased the growing impact of the fintech industry in the Middle East and North Africa region. A distinguished panel of judges selected the winners, recognising their outstanding contributions to the industry. TransferMate was awarded the coveted title of FinTech of the Year with the judging panel noting that: “There is no competitor that matches its coverage, giving businesses and partners a better way to manage their international payments. “The winner of FinTech of ..read more

Partnership between Singapore-based payment solutions provider, Lightnet, and TransferMate, the world’s foremost non-bank licensing payments infrastructure will facilitate market expansion for Lightnet and its customers Payment Service Provider, Lightnet, today announced its agreement to enter a global partnership with TransferMate, the world’s leading B2B global payments infrastructure-as-a-service provider. Lightnet, a prominent financial technology services entity with expansive operations across South-East Asia and Europe is recognized for its innovative financial technology. The company i ..read more

Enterprise Ireland client companies TransferMate and Lumcloon Energy announced key strategic partnerships this week during a Government of Ireland Trade Mission to South Korea. Irish fintech TransferMate signed a partnership with Korean start-up MOIN. This partnership will improve international trade for Korean businesses by providing for faster and more cost-effective cross-border payments through TransferMate’s extensive payments network. TransferMate is the world’s leading B2B Payments-as-a-Service (PaaS) that significantly improves the international payment process for banks, businesses an ..read more

The last few years have been, as the saying goes, ‘interesting times’. We have had a global pandemic, global supply chain failures, surging costs and rising inflation, an uncertain geopolitical environment, the ongoing climate crisis, a series of bank failures, and potentially a recession coming. The list of tactical challenges any global treasurer faces is long, so for today I’d like to break down the strategic challenges into five distinct categories, leading from that risk mitigation foundation to the ideal of advanced treasury operations.   1. Manage Risk in Changing External Environm ..read more

One of the clearest memories from my childhood – one of those that I can still see like a photograph – is sitting in the back seat of my parent’s car and holding a bunch of papers I was given after opening my first bank account. For many businesses worldwide, accessing and using financial services is not straightforward. On top of that, once accessed, those services favour large organisations with teams of financial specialists who take advantage of every loophole and efficiency, making it difficult for scaling businesses to compete from day one. Now, however, businesses can access an alternat ..read more