TransferMate and Coupa to Provide Unified Invoice Payments

TransferMate, one of the world’s leading cross-border B2B payments providers, today announced a new strategic partnership with Coupa Software (NASDAQ: COUP) – a leader in Business Spend Management (BSM) through its payments offering, Coupa Pay. By linking the companies’ technology, the new relationship – announced at Coupa Inspire’19 in Las Vegas today – offers a simpler way to process B2B payments and invoice payments.

TransferMate, a globally regulated entity, will provide its international mass payments technology to customers using Coupa Pay’s Invoice Payments, allowing business customers to spend smarter, simpler and safer. TransferMate’s technology integration allows Coupa clients to pay approved invoices internationally and domestically through the Coupa BSM Platform.

“TransferMate continues to change the landscape of international payments with technology that delivers a seamless payments experience for businesses. We are delighted to bring our expertise to Coupa’s BSM platform,” Sinead Fitzmaurice, CEO of TransferMate – a subsidiary of The Taxback Group, said. “Our partnerships with some of the world’s leading banks, including Wells Fargo, ING and AIB, enable payments systems that are fast, accurate, secure and cost-effective.”

The new partnership is part of a wider trend of payment software providers leveraging TransferMate’s globally regulated network of local bank accounts and payments technology to secure a faster, more cost-effective, secure and transparent way to move money across borders for their customers.

“We are pleased to partner with TransferMate to create a simpler way for businesses to manage their payments processes,” said Rajiv Ramachandran, vice president of product strategy at Coupa. “By integrating with Coupa Pay, companies can now manage payments seamlessly with their other business spend processes, so everyone is spending and paying smarter.”

“By leveraging our globally regulated network of local bank accounts and payments technology, Coupa and other banks and software providers can offer an expanded payments experience to their customers,” Gary Conroy, Chief Product Officer at TransferMate, said. “Offering our technology through Coupa Pay showcases our commitment to enhancing the international payment process for all businesses while simultaneously increasing our exposure to businesses participating in ever-growing international trade.”