TransferMate, the world’s leading provider of payments infrastructure as a  service, and WEX, a global financial technology service provider, today launched new capabilities that simplify how businesses of all sizes execute complex international payments. Through the partnership,  TransferMate has integrated its leading payments technology directly into the WEX system. WEX clients  will be able to execute seamless international transfers with ease, and experience new levels of simplicity,  security and speed through TransferMate’s extensive global payments network.  

With the custom integration, WEX – known globally as a leader in corporate payments – will be able to  expand its offering to give clients domestic, regional and international transfer capabilities via  TransferMate. The partnership shows a commitment by both organizations to improve the payment  options for global companies, enabling international transfers at lower costs, higher speeds and with  greater reconcilement benefits.  

Sinead Fitzmaurice, CEO of TransferMate, a subsidiary of Clune Technology Group, said: “We are excited  to join forces with WEX to provide the most efficient payment process possible for global businesses. At  TransferMate, we are committed to making international payments easier than ever before and a key way  to accomplish that is through strategic partnerships with likeminded, cutting-edge companies in the  industry, like WEX.” 

The TransferMate and WEX partnership streamlines payment management and reconciliation for accounts  teams, allowing for full transparency and one login to make fast and secure payments. With the new  capabilities of the WEX payments platform, businesses can take control of their business spend, with  tracking, insights, security and automated reconciliation.  

Jay Dearborn, President of Corporate Payments at WEX, said: “Through the WEX and TransferMate  partnership, businesses will be able to make domestic, inter regional and cross-border payments by paying  locally in their own currency, with funds settled locally in the beneficiary’s currency. As WEX continues  to unify global AP to AR payments processes, we are thrilled to provide new flexibility and payment rail  choice to our customers--helping them save both time and money as a result of simplifying the traditional  transfer process."