TransferMate: Expands North American regulation with Mexico licence

  • TransferMate a Taxback Group company a global B2B payments technology firm, enabling companies to send and receive cross-border payments faster
  • Announced a significant boost to its international footprint, securing a new payments licence in Mexico
  • Authorisation as a money transmitter by Mexico’s National Banking and Securities Commission marks a major milestone
  • To ensure best-in-class payments service, TransferMate will open and staff an office in Mexico City
  • Customers in Mexico now be able to use TransferMate’s leading payments technology to make and receive single or mass international transfers
  • TransferMate’s regulated global payment technology cuts out the chain of intermediate handlers associated with traditional bank payment routes
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks. Highlights:FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...