Singapore · Payments & e-money
Transfermate PTE. LTD.
TransferMate Pte. Ltd. is a company incorporated in Singapore and the Singapore entity of the TransferMate payments group, which has its global headquarters in Kilkenny, Ireland. The Monetary Authority of Singapore (MAS) authorises the firm as a Major Payment Institution under licence PS20200412. The licence covers cross-border money transfer, domestic money transfer, account issuance and e-money issuance. MAS approved the last three services in November 2025. The firm offers the group's business-to-business payments platform, including Global Accounts that let businesses hold funds locally, to businesses operating in and out of the Asia-Pacific region.
Licences and registrations
Held by Transfermate PTE. LTD.. 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
Firm type
FX and business payments
Trades as TransferMate
- Ownership
- The firm belongs to the TransferMate group, which was founded by Terry Clune and forms part of his CluneTech group. Its direct shareholder has not been confirmed from a primary source.
- Head office
- 20 Anson Road, #06-18, Twenty Anson, 079912 Singapore, Singapore
- Founder
- Terry Clune
Online
- Websites & references
- transfermate.com ↗
transfermate.io ↗ client platform sign-in and registration
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Instagram ↗
Sources · 13 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/223812-TRANSFERMATE-PTE-LTD
- transfermate.com/company/regulations
- transfermate.com/company/contact-us
- transfermate.com/company/about-us
- transfermate.com/legal/safeguarding
- transfermate.com/legal/terms-and-conditions
- transfermate.com/company/security
- transfermate.com/post/transfermate-obtains-approval-from-mas-to-vary-its-existing-major-payment-institutio
- transfermate.com/post/transfermate-receives-in-principle-approval-from-monetary-authority-of-singapore-to-
- transfermate.com/post/transfermate-appoints-gary-conroy-as-new-ceo-succeeding-sinead-fitzmaurice
- transfermate.com/post/transfermate-and-serrala-partner-to-bring-global-payments-into-finance-automation-wo
- transfermate.com/post/transfermate-partners-with-bvnk-to-bring-real-time-stablecoin-settlements-to-global-
- en.wikipedia.org/wiki/TransferMate
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS authorises the firm as a Major Payment Institution under licence PS20200412. The licence covers account issuance, domestic money transfer, cross-border money transfer and e-money issuance services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution (account issuance, domestic money transfer, cross-border money transfer, e-money issuance) | PS20200412 | In its own name | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsAt group level, TransferMate states that client funds are held in segregated client accounts, kept separate from its own funds, and are never lent out or used as security.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
The firm provides the TransferMate group's embedded business-to-business payables, receivables and Global Accounts services in Singapore, including local holding of funds under its varied MAS licence.
The firm serves businesses from Singapore under its MAS licence. The group states that its network reaches more than 200 countries and territories in more than 140 currencies.
- Sells to
- Enterprises · Small businesses · Platforms and marketplaces · Financial institutions
- Serves customers in
- Singapore
- Latest funding round
- USD 70m 2022Led by Railpen, Marshall Wace
Leadership
Researched 29 Sep 2026 · Sources
- Chair
- Terry Clune Co-Founder & Executive Chairman (TransferMate group)
- Executive
- Gary Conroy President and Chief Commercial Officer (TransferMate group)
- Chief financial officer
- Brid Saruwatari Chief Financial Officer (TransferMate group)
- Compliance / MLRO
- Alex Clements Head of AML (TransferMate group)
- Executive
- Barry Henderson Chief Risk Officer (TransferMate group)
Recent events
Researched 29 Sep 2026 · Sources
-
Other
TransferMate announced that it had selected BVNK as stablecoin infrastructure partner for its global network, its first step into digital assets.
transfermate.com ↗ -
Licence
MAS approved the firm's licence variation, adding account issuance, domestic money transfer and e-money issuance services to its Major Payment Institution licence.
transfermate.com ↗ -
Licence
MAS granted the firm in-principle approval to add account issuance, domestic money transfer and e-money issuance to its licence.
transfermate.com ↗ -
Leadership
The TransferMate group announced the appointment of Gary Conroy as Chief Executive Officer, succeeding Sinéad Fitzmaurice.
transfermate.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- cf04f21d27b3
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Payment Institution
- Activities
- Money remittance
- Payment services
- E-money / stored value
- Licensed in
- Singapore · East Asia & Pacific
- First registered
- Not published
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- 20 ANSON ROAD, #06-18 TWENTY ANSON 079912, Singapore, 079912
- Country
- Singapore
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>TRANSFERMATE PTE. LTD.</Nm>
<PstlAdr>
<PstCd>079912</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>20 ANSON ROAD</AdrLine>
<AdrLine>#06-18 TWENTY ANSON 079912</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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