TransferMate has announced that it has secured two payments licences in South America with approvals in Brazil and Chile.
TransferMate is registered as an International Payment Facilitator with the Central Bank of Brazil (BACEN) and the Council for Financial Activities (COAF) in Brazil.
Customers will be able to seamlessly pay into and receive money out of Brazil and Chile same day/next day with full tracking and zero wire fees.
Sinead Fitzmaurice, CEO of TransferMate – a Clune Technology Group company, said:
“With these licences, TransferMate is one step closer to its strategic plan to create the widest settlement network in our industry. We are excited to now hold two payments licences in South America and bring our technology infrastructure to more customers, providing them with transfers at a higher speed, lower cost, and with better reconciliation.”
The news marks a major achievement in the company’s strategic mission to provide customers and partners with one of the widest regulated payments networks in the industry.
