TransferMate
“Can a fully self-licensed, non-bank cross-border payments infrastructure company become the default embedded global payments engine for banks, ERP platforms, and global payroll providers worldwide?”
TransferMate (operating entity Interpay Ltd.) was built as a B2B cross-border payments infrastructure company, licensing itself in 92+ jurisdictions to create the largest non-bank regulated payments network in the world. Its pivot to embedded finance infrastructure came through positioning its API as the payment engine for banks, ERP platforms (SAP, QuickBooks, Sage), procurement software, and global payroll providers — selling regulated cross-border payment rails as a white-label service. Partners including Wells Fargo and ING use TransferMate's infrastructure to serve their own customers. The company operates 3M+ transactions per year and processes $60B+ in annualised flows, competing directly with Wise Platform, Airwallex, and Nium in the embedded B2B FX/payments infrastructure segment.