(2 June 2025 – Global) TransferMate has announced a strategic partnership with Deutsche Bank to expand its global embedded B2B payments infrastructure, focusing on improving local collection and cross-border transaction capabilities.
The collaboration enables TransferMate to enter new markets with local fund storage and collection solutions, particularly benefiting sectors like education, e-commerce, and financial services, which often face costly inefficiencies in international payments.
Ole Matthiessen, Deutsche Bank’s Head of Cash Management and CB APAC MEA, said: “The strategic collaboration between TransferMate and Deutsche Bank underscores the immense potential of fintech-bank partnerships in accessing and scaling global markets, particularly navigating the high-growth yet diverse Asia Pacific landscape.
This showcases the strength of our offering, aligning seamlessly with our Global Hausbank strategy. We look forward to this journey together, which will drive TransferMate’s growth and improve their operational efficiencies through our tailored solutions.”
In the initial phase, the partnership will target key Asia-Pacific markets, with plans to expand further by leveraging Deutsche Bank’s global reach.
Gary Conroy, CEO of TransferMate, commented: “Our collaboration with Deutsche Bank is another significant milestone as we continue to grow our global footprint and be the embedded B2B partner of choice. This partnership further strengthens our reach, our capabilities, and the value we bring to our partners and their clients.”