Transferra’s 2023 Recap: A Year of Milestones and Innovation

Embark on a journey through Transferra’s transformative 2023, exploring milestones and financial innovations that define our commitment to excellence.

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As we bid farewell to 2023, Transferra reflects on a year marked by remarkable achievements, strategic partnerships, and the introduction of innovative financial solutions tailored for businesses. Let’s take a closer look at the key highlights that shaped our journey throughout the year.

Expanding Horizons with OpenPayd Partnership

Kicking off the year, we solidified our commitment to serving businesses by joining forces with OpenPayd. This collaboration paved the way for the launch of a multicurrency provider, OpenPayd, enabling seamless transactions in Euros (EUR) and British Pounds (GBP). From SWIFT payments to SEPA Instant payments across the UK, Europe and worldwide, Transferra users now enjoy a diverse range of currency payment options.

Wallester Collaboration for Virtual Business Debit Cards

In September, Transferra and Wallester came together to introduce virtual business debit cards, leveraging the reputable Visa network. These cards offer businesses reliability and peace of mind, ensuring secure and smooth transactions. This strategic move reinforces our commitment to staying at the forefront of financial technology.

Diverse Payment Options with Android Pay, Samsung Pay, and Garmin Pay

Responding to the evolving needs of users, we expanded its payment options by incorporating compatibility with Android Pay, Samsung Pay, and Garmin Pay. This enhancement provides users with greater flexibility in choosing their preferred payment methods.

Convenient mobile payment choices: Link your Transferra Corporate card to Google Pay, Garmin Pay, or Samsung Pay.

IFX Cross-Border Provider Integration

We also expanded our global reach by integrating with cross-border provider IFX, offering users the capability to send and receive payments in over 80 currencies. This development positions Transferra as a versatile financial platform, facilitating seamless global business transactions.

iOS App Launch

2023 was the year of another major milestone, launching its own iOS app. Build with native SWIFT programming language.  Now you can send and receive money from anywhere in the world with just a few taps on your iPhone. The app is fast, secure, and easy to use. You can also track your transactions, manage your contacts, and access exclusive offers and discounts. Download the app today and enjoy the convenience and benefits of Transferra on your iOS device.

Apple Pay Integration

Looking towards the future, we developed and integrated Apple Pay, with the official launch slated for Q1 2024. The iOS app version is already live, bringing all the functionalities of the web platform to users’ fingertips. Soon, users will be able to link their Visa cards to Apple Pay, ushering in a new era of convenience.

Representatives Management Feature for Streamlined Access

Recognising the critical need for streamlined operations, we introduced the Representatives Management feature. This feature simplifies shared access to accounts, allowing users to tailor permissions for team members and streamlining operations related to payments, currency exchange, card creation, and statement downloads.

Transferra offers Representatives Management feature for streamlined account operations.

Enhanced Security with Google Authenticator

To fortify account security, we introduced Google Authenticator as a second OTP option. Users can now opt for this additional layer of security, ensuring peace of mind and reinforcing our commitment to providing a secure financial environment.

Enhanced account security features: Security Code, 2-factor Authentication, and Biometrics at Transferra.

FCA UK Audit Compliance and Financial Year Closure

We proudly celebrate the successful closure of the 2022  financial year, having undergone a rigorous audit in compliance with FCA UK regulations. This achievement underscores our dedication to financial transparency and regulatory adherence.

Transferra’s Latvian Back Office Expansion

In a significant stride towards bolstering our operational capabilities, we opened our back office in Latvia in March 2023. This strategic move aims to fortify our support and development functions, allowing us to serve our growing user base better. The expansion of our operations goes hand in hand with the growth of our talented team. We’ve welcomed skilled professionals who bring diverse expertise to the Transferra family.

In wrapping up 2023, Transferra stands as a beacon of innovation and reliability in the financial technology landscape. These milestones set the stage for a promising future as we continue to evolve and deliver cutting-edge solutions for businesses navigating the complexities of the modern financial world.

Amidst this whirlwind of achievements, we extend our heartfelt gratitude to our partners and clients. Your trust and collaboration have been the driving force behind our success.

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