TransferMate has entered a strategic partnership with Deutsche Bank to expand its global embedded B2B payments infrastructure, enhancing its ability to offer local, in-country payment collection and cross-border capabilities.
The partnership will enable TransferMate to operate in multiple new markets with Deutsche Bank’s support, offering local fund storage and collection options in those jurisdictions. The collaboration is expected to benefit key industries such as education, e-commerce and financial services, which often face costly inefficiencies when dealing with international transactions.
Ole Matthiessen, Deutsche Bank head of cash management and head of CB APAC MEA, said, “The strategic collaboration between TransferMate and Deutsche Bank underscores the immense potential of fintech-bank partnerships in accessing and scaling global markets, particularly navigating the high-growth yet diverse Asia Pacific landscape.
“This showcases the strength of our offering, aligning seamlessly with our Global Hausbank strategy. We look forward to this journey together, which will drive TransferMate’s growth and improve their operational efficiencies through our tailored solutions.”
In the first phase of the partnership, the two firms will focus on expanding capabilities across select Asia-Pacific markets. The intention is to broaden this scope further, leveraging Deutsche Bank’s broad international presence to support TransferMate’s growing network.
Gary Conroy, CEO at TransferMate, said, “Our collaboration with Deutsche Bank is another significant milestone as we continue to grow our global footprint and be the embedded B2B partner of choice. This partnership further strengthens our reach, our capabilities, and the value we bring to our partners and their clients.”
TransferMate’s infrastructure supports trading in over 200 countries and territories, and in more than 140 currencies, supported by licenses across 51 US states and territories.
Source: https://fintech.global/
