TransferMate is an easy to use online payment solution for the education sector. The service offers a secure and fast way to send payments all over the world at no cost to the sender or receiver.
Local Banking Network
The system allows international payments to be made via local banking networks where transfers can be made in senders own currency while receiving a preferential exchange rate. As payments are made locally, wire and receiver fees usually imposed by banks are eliminated.
Payments are processed in 48 hours.
The payment platform is supported by an online system where
payment information and history with details of every payment
registered and received are recorded.
The automatic refund system allows institutes to refund any amount
back to the originating account of the payee through TransferMate.
Payment receipts are issued to both the sender and receiver and daily
payment reports can be downloaded.