Latest news with #TransferMate
Irish Post
04-06-2025
- Business
- Irish Post
Two Irish fintech companies announce major new international partnerships
TWO Irish fintech (financial technology) companies have announced major new international partnerships at a global industry conference, highlighting Ireland's growing influence in the worldwide fintech landscape. The announcements were made on the opening day of Money20/20 Europe in Amsterdam on Tuesday as Ireland continues its rapid expansion in the fintech sector. Enterprise Ireland, Europe's third most active fintech investor, heralded the announcements as an example of Ireland's strong position within the industry. "These announcements today demonstrate the continued momentum of Ireland's fintech sector, which has defied the market backdrop and performed extremely well, increasingly attracting international attention and investment," said Anna-Marie Turley, Head of Enterprise Ireland's fintech and financial services portfolio. Partnerships TransferMate, the world's leading provider of embedded B2B payments infrastructure as a service (IaaS), announced a strategic long-term partnership with Deutsche Bank. It will see the Irish company work with Deutsche Bank in various countries, enabling TransferMate to provide in-country collections, cross-border payments and the ability to store funds locally. "We look forward to this journey together, which will drive TransferMate's growth and improve their operational efficiencies through our tailored solutions," said Ole Matthiessen of Deutsche Bank. Splink, a provider of custom digital payment solutions, announced an exclusive commercial Irish partnership with Global Payments to commercialise their Stadia and Events Technology in Ireland. The technology is currently in use at major British venues including Chelsea's Stamford Bridge and Newcastle's St James' Park. "We've had some recent successes together with key merchant wins in Ireland and the UK and we've excited to see the partnership grow," said Tom Woods of Global Payments. The deal will also see Splink become one of a select group of partners launching Global Payments' new SoftPOS technology, GPTom, which enables any smartphone to accept tap-to-pay transactions with no external hardware. 'Remarkable evolution' Over 20 Irish fintech companies are participating at Money20/20 Europe this year and will be showcased at the Irish Pavilion. "The strong presence of Irish fintech at Money20/20 Europe reflects the sector's remarkable evolution, becoming global leaders in their own right, securing major partnerships with global payment giants and financial institutions and launching cutting-edge AI solutions that are transforming customer experiences," said Ms Turley. Among the Irish delegation is Prommt, which announced a major milestone in Open Banking adoption on Tuesday. The firm revealed that one of Britain's top pre-owned prestige car supermarkets collected over £60m via Prommt's Pay by Bank technology within 60 days of going live. "With over 400 industry leading merchants now live with Pay by Bank and hundreds of millions in payment volume already processed this year, Prommt is leading the next generation of payment innovation," said CEO Donal McGuinness. Meanwhile, Engage Hub, which automates companies' communication services, announced the launch of its AI Knowledge Base, allowing users to find accurate answers instantly without agent support. "This reduces pressure on contact centres, cuts operational costs, and boosts overall efficiency," said Karen Waters, Product and Marketing Director at Engage Hub.
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
