Latest news with #MarcusTreacher
Finextra
2 days ago
- Business
- Finextra
RTGS.global welcomes Turkey's PayPorter as participant
is pleased to announce that PayPorter, one of Turkey's most prominent and trusted money transfer operators, has joined its global network as a Participant and designated Funds Controller for the Turkish Lira (TRY). 0 This strategic collaboration marks a significant step in the expansion of real-time cross-border settlement ecosystem. With operations spanning over 185 countries, PayPorter is a key player in Turkey's cross-border payments landscape. Its adoption of cutting-edge platform demonstrates a shared commitment to transforming international payments through a digital-first infrastructure that is built for the future. As a Funds Controller, PayPorter will oversee liquidity and settlement for Turkish Lira on the network in a role that enables both domestic and international participants to engage in transactions with Turkey through a single, trusted counterparty. In doing so, this will help to eliminate the inefficiencies of legacy clearing processes and reducing reliance on intermediaries. The partnership will unlock new, instant currency corridors between Turkey, the United Kingdom, the Eurozone, and Central Asia. By leveraging real-time, asset-agnostic settlement capabilities, PayPorter will be able to offer customers and partners unprecedented speed, transparency, and efficiency in cross-border transactions. Marcus Treacher, Executive Chair at commented: 'We are delighted to welcome PayPorter into the network. Their leadership in the Turkish payments sector and commitment to innovation make them an ideal partner. By joining as both a Participant and Funds Controller for Turkish Lira, PayPorter is not only enhancing its own service offering but also enabling a stronger, more connected financial ecosystem in the region. This is a powerful validation of our model, and we look forward to deepening our collaboration as we scale globally.' Speaking on behalf of PayPorter, General Manager and Board Member, Mr. Izzet Metcan, added: 'This strategic collaboration with marks an important step forward in PayPorter's global vision and digital infrastructure capabilities. By facilitating the Turkish Lira's integration into international payment systems, we will deliver faster, more transparent, and direct solutions for our customers.' The addition of PayPorter reinforces mission to reduce friction and connect financial institutions through one simple integration that enables them to trade, pay, and settle directly, 24 hours per day, seven days a week, 365 days a year.
Yahoo
25-03-2025
- Business
- Yahoo
TransferMate joins RTGS.global network
TransferMate, a B2B payment infrastructure-as-a-service (IaaS) provider, has collaborated with cross-border payments company to join their global real-time settlement network. The alliance aims to streamline cross-border transactions for businesses by utilising instant settlement capabilities. This integration will enable TransferMate to offer its business customers to make international payments in real-time to reduce the need for traditional banking intermediaries. solution addresses common issues in cross-border payments such as liquidity management, facilitating risk-free transactions across various currencies and regions. By joining network, TransferMate will enhance the network's presence in over 200 countries and territories. network operates on a Payment vs Payment (PvP) basis, which eliminates transaction fees at the point of transfer and removes the necessity for pre-funding bank accounts. Furthermore, the peer-to-peer transaction model employed by network eradicates intermediaries from the payment process. executive chairman and CEO Marcus Treacher said: 'Welcoming TransferMate to the network is a big moment for us and the industry. 'Working with TransferMate to make B2B payments quicker, more transparent, and more cost-effective for everyone closely aligns with our mission to modernise the global financial system and enhance the efficiency of cross-border transactions.' TransferMate CEO Sinead Fitzmaurice stated: ' and TransferMate are two organisations on the same mission: to transform how money moves across borders. Our worldwide payment coverage, built on the foundation of over 100 licences, means clients of can now pay into more countries and territories than they've ever been able to before – all in a fully regulated, secure network. This partnership can redefine cross-border payments, setting new benchmarks for speed, transparency, and security.' 'Through our collaboration with TransferMate, an innovative and progressive firm who we are proud to collaborate with, we are excited to demonstrate how our two solutions can combine to address head-on the historic challenges associated with cross-border payments and liquidity management.' This month, TransferMate collaborated with Boost Payment Solutions to integrate its payment infrastructure with the latter's payment solution, Boost 100XB. "TransferMate joins network " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
