Payful Forms Strategic Partnership with TransferMate to Build a Global, Compliant, and Efficient Payment Network

Subtitle: Advancing a new chapter of cross-border payment collaboration with TransferMate

2025-06-18

Payful (formerly Global E-Payment), a leading global cross-border payment platform, has officially entered into a strategic partnership with TransferMate, a world-leading, regulated non-bank payments infrastructure provider.

Through this collaboration, both parties will leverage their strengths in technology, network, and compliance to jointly deliver faster, safer, more convenient, and lower-cost cross-border payment and settlement solutions, empowering businesses worldwide to accelerate their global expansion.

TransferMate Founder and Chairman Terry Clune (third from right), TransferMate Head of Asia Pacific Vijay Rao (first from right), and Payful Marketing Center General Manager Fiona (fourth from right) with their teams at Payful’s Shanghai headquarters.

Headquartered in Ireland, TransferMate is part of the CluneTech Group, specializing in building a global, compliant, transparent, and efficient corporate payment network. With a payments infrastructure spanning over 200 countries and regions and supporting more than 140 currencies, TransferMate has established local payment capabilities in the U.S., U.K., E.U., Australia, New Zealand, Canada, Singapore, and Hong Kong. This enables businesses to shorten cross-border settlement times, reduce intermediary costs, and enhance the stability and security of fund transfers.

Payful is a professional global cross-border payment platform driven by innovation and technology. It provides customized end-to-end digital payment solutions—including global collection, B2B trade payments, global payouts, and FX management—to clients across multiple verticals such as cross-border e-commerce, foreign trade, logistics, travel & hospitality, and education.

Through this strategic partnership, Payful and TransferMate will combine their respective advantages in global local payment networks, compliance capabilities, and platform services, achieving resource sharing and complementary strengths.

Following the signing ceremony held at Payful’s Shanghai headquarters, the two parties officially signed a strategic cooperation agreement and discussed future collaboration opportunities across the cross-border payment ecosystem.

TransferMate Founder and Chairman Terry Clune (right) and Payful Marketing Center General Manager Fiona (left) signed the strategic partnership agreement.

Under the partnership, TransferMate’s payment network will be seamlessly integrated into the Payful platform, covering over 30 countries and regions, including the U.S., Canada, Mexico, Australia, Singapore, and Malaysia.

Through localized collection and settlement channels, Payful’s clients will enjoy faster, lower-cost cross-border fund transfers, while benefiting from TransferMate’s globally regulated and high-standard financial infrastructure.

On the technology front, both companies will integrate their existing systems efficiently, allowing users to continue completing all payment processes through Payful’s current platform interface.

In the next phase, Payful and TransferMate will deepen collaboration across payment routing optimization, account management, transaction risk control, and data security.

The two companies will also explore industry-specific payment solutions based on their respective client bases and market presence to better meet the diversified needs of global enterprises.

This strategic partnership marks a key milestone in both parties’ cross-border financial collaboration and represents an important step forward for Payful in building its global payment ecosystem.

Looking ahead, the two companies will continue to accelerate joint innovation in product development, service expansion, and technological integration—working together to build a secure, efficient, and compliant global payments infrastructure, and continuously empowering Chinese enterprises in their journey toward global success.