How It Works


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.

Less Administration

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.

Implementation and Cost

There is no cost to the education institute to implement the service. TransferMate earns only a margin from the foreign exchange rates and no other costs are incurred by the institutes, agencies or students.

The security of your payments is our top priority at TransferMate. We use trusted banks and partners around the world with whom we've built established relationships. Our team constantly assesses our systems and try to identify and eliminate any possible risks or flaws. All payments made with TransferMate are transferred through SSL technology using 256 bit encryption, ensuring the safety of information.

  • australian government
  • central bank of ireland