TransferMate Joins Forces With WEX To Deliver New International Payments Capabilities, Eliminating Complexity While Increasing Speed And Security
June 03, 2021 at 07:00 am EDT
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TransferMate 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. 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.
WEX Inc. provides a global commerce platform, which owns and operates a business-to-business (B2B) ecosystem. The Company operates through three segments: Mobility, Benefits, and Corporate Payments. Its Mobility segment provides payment processing, transaction processing, and information management services specifically designed for the needs of fleets of all sizes from small businesses to federal and state government fleets and over-the-road carriers. Its Benefits segment provides a Software as a service (SaaS) platform for consumer directed healthcare benefits and a full-service benefit enrollment solution, bringing together benefits administration, certain compliance services and consumer-directed and benefits accounts. Its Corporate Payments segment focuses on the complex payment environment of global B2B payments, enabling customers to utilize its payments solutions to integrate into their own workflows and manage their accounts payable automation and spend management functions.
WEX INC. 
