TransferMate Purchases Devisenwerk

TransferMate has announced that it has agreed to acquire Swiss-based foreign exchange (FX) payments firm Devisenwerk, in a deal that will give TransferMate direct access to the Swiss financial hub.

With Transfermate’s global regulatory footprint and full state-by-state license approval in the US, as well as its bespoke payment technology solution, businesses can enter new markets while dealing with cross border payments in multiple currencies.