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TransferMate Secures Payment License Approval in the U.S. Virgin Islands, Expanding Global Reach

By Dominic Sow · 12 November 2025

TransferMate secures a Money Transmitter License in the U.S. Virgin Islands, expanding its regulated B2B payments network to 99 global licenses.
TransferMate, the world’s leading provider of embedded B2B payments infrastructure as a service (IaaS), has today announced it has been granted a Money Transmitter License (MTL) in the U.S. Virgin Islands. This approval means partners and their customers doing business in the U.S. Virgin Islands can now access TransferMate’s full suite of services – including payments, receivables, and stored funds globally. This immediately simplifies cross-border transactions, enhances cash flow visibility, and reduces the need for multiple banking relationships for B2B clients in the region. The U.S. Virgin Islands license marks another significant step in TransferMate’s global strategy – taking its total number of licenses to 99 – and builds on the momentum of the company recently receiving approval for an e-money license in Singapore. “With every new license we secure, we are reinforcing our position as the most extensively licensed B2B payments provider in the world,” commented TransferMate CEO, Gary Conroy. “With approval now granted in the U.S. Virgin Islands, we’re proud to extend our regulated network even further, enabling our partners and their customers to simplify cross-border payments at scale through trusted compliance, infrastructure, and global reach.” TransferMate has built the largest fintech payment infrastructure in the world, holding 99 licenses and empowering businesses to make and receive payments in 140+ currencies across 200+ countries and territories. 

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Companies in this story: TransferMate

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