Transfermate Global Payments
www.transfermate.com
Overview
Same-day cross-border payments with automatic reconciliation to SAP!
TransferMate connect to SAP through Multi-Bank Connectivity (MBC) as a member bank and acts as the payment execution partner for global payment processing. SAP-MBC serves as the central hub for payment initiation, while TransferMate executes the payments through its regulated global network, with all transaction data flowing back into SAP for reconciliation and treasury visibility.
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Expertise
Services and specializations by product area
TransferMate owns the largest payments license network of any fintech, regulated in 93 jurisdictions, owning 100 licenses. Through native integration with SAP Multi-Bank Connectivity, TransferMate provides SAP customers with a single Member Bank connection, eliminating the need for multiple banks, delivering faster, fully reconciled, international payments in 200 countries & territories.
Companies operating globally manage payments across multiple banks, entities & formats. While payments can be executed, the underlying transaction data is fragmented across different systems. Making it difficult for finance and treasury teams to obtain a clear, consolidated view of global cash flows. By connecting SAP to TransferMate through Multi-Bank Connectivity, companies can initiate payments directly from SAP through a centralised payment hub.
BENEFITS OF SAP MULTI-BANK CONNECTIVITY & TRANSFERMATE
ELIMINATES COMPLEXITY : Removes the need for multiple host to host bank connections; all entities connect to SAP-MBC, natively integrated at no additional cost.
AUTOMATIC RECONCILIATION : Standardized files are sent back through SAP-MBC, enabling automatic posting to SAP accounting documents & eliminating manual reconciliation work.
SAME DAY/NEXT DAY SETTLEMENT : Reduces payment timelines from 2-7 days to same day or next day across most corridors.
IMPROVED CAPITAL & CASH FLOW CONTROL : Faster settlement allows for holding cash longer and earning interest on retained balances.
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Resources
Resources shared by Transfermate Global Payments
BLOG
Blog Post by SAP about TransferMate
The Next Level of Global Payments: SAP Unlocks Enhanced Cross-Border Capabilities with TransferMate
FACT_SHEET
TransferMate Factsheet
Learn about the benefits of connecting TransferMate as a single member bank through SAP-MBC. Executing all payments with auto reconciliation back to SAP.
EVENT
Meet the TransferMate team at upcoming events
Find out which industry & SAP events the TransferMate team are attending. Schedule a meeting and the team will discuss the benefits for your business.
SUCCESS_STORY
Client Stories
TransferMate is the trusted regulated payments provider for some of the biggest brands in the world. Hear how TransferMate has delivered value for clients.
Contact
Get started with partner-name:Transfermate Global Payments
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countryCode:IE-Ireland
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addressLine:1st floor, 14 St Stephen's Green
addressLine:Dublin 2
addressLine:D02 Y611
addressLine:Ireland