3S Money announces strategic partnership with TransferMate

By Gloria Methri

International payments platform 3S Money and TransferMate, the B2B global payments infrastructure-as-a-service provider, have announced an agreement to enter into a strategic partnership.

This partnership aims to revolutionise global business payments, making them faster, more secure, and more accessible than ever.

The integration extends the ability of 3S Money users to make payouts in over 70 currencies, enabling clients to establish a banking presence in new countries and begin trading immediately.

TransferMate has built one of the world’s largest non-bank global payments networks, using a licensed and compliance-led approach. 3S Money’s mission is to break down barriers to international trade and, through the partnership, they can easily leverage this secure and regulated network to instantly enhance their product, without any disruptions, and without the need for dual onboarding processes.

“Our purpose is to provide businesses with one account to manage all their global payment needs enabling them to scale new markets with ease, this partnership supports that mission!” said Ivan Zhiznevsky, CEO of 3S Money. “TransferMate’s extensive payments network will enable us to access new territories and benefit from faster and more cost-effective international payments.”

Sinead Fitzmaurice, CEO of TransferMate said, “We want to support businesses to trade internationally with ease and remove the barriers to growth. Innovation shouldn’t be stymied by red tape, and every business from small to large should be able to access banking and payment services that are best-in-class.”

The partnership is based on API integrations between TransferMate and 3S Money, resulting in a seamless upgrade to the 3S Money platform without any disruption. It will particularly benefit 3S Money clients looking to operate in the UK, Europe, Asia, the Middle East, and beyond.