TransferMate Expense Reporting and Global Payments

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TransferMate is a global B2B payments platform that enables companies to make cross-border payments more efficiently by reducing bank fees, FX conversion costs, and transaction times. It is widely used for international payments, vendor payouts, and salary disbursements, offering real-time tracking and regulatory compliance.

Grow globally, pay locally. 

Benefits of TransferMate for DATABASICS clients include:

  • Low-Cost Cross-Border Transactions: Reduces bank fees and FX costs.

  • Faster International Payments: Ensures payments reach recipients quicker than traditional bank transfers.

  • Compliance & Security: Meets global financial regulations with a licensed network.

  • Global Transactions:​ Supports transactions in 200+ countries and 140+ currencies.

TransferMate helps businesses simplify and save money on international payments and foreign currency exchanges.

How Do DATABASICS and TransferMate Work Together?

DATABASICS integrates with TransferMate to offer global payment solutions for reimbursements with DATABASICS's Expense Reporting solutions. This integration allows companies to:

  1. Faster Employee Reimbursements: Direct international payments through TransferMate instead of traditional banking systems.

  2. Reduce Currency Exchange Costs: TransferMate offers competitive FX rates, lowering overall costs.

  3. Improve Compliance & Tracking: Ensures financial transparency with real-time tracking of payments.

By combining DATABASICS's Expense Reporting solutions with TransferMate's payment processing, businesses can streamline global expense reimbursements while ensuring compliance and cost efficiency.