TransferMate expands North American regulation with Mexico licence approval

Tuesday 8 September 2020 11:20 CET | News

Cross-border B2B technology payments provider TransferMate has secured a new payments licence in Mexico.

This authorisation as a money transmitter by Mexico’s National Banking and Securities Commission will be able to use TransferMate’s payments technology to make and receive single or mass international transfers same day/next day with full tracking and zero wire fees. 

With a portfolio of payment licences spanning 51 US states/territories, Canada, Europe, U.K., Asia, Australia and now Mexico, TransferMate’s regulated global payment technology cuts out the chain of intermediate handlers associated with traditional bank payment routes. In 2019, TransferMate gained regulatory approval in six zones, including Hong Kong, Singapore and Dubai.

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Keywords: National Banking and Securities Commission, TransferMate, remittance, online money transfer, online payments, money licence, e-money licence, payment technology, Mexico, Latin America
Categories: Payments & Commerce
Countries: Mexico
This article is part of category

Payments & Commerce