TransferGo is launching real-time payments. By adding a real-time payment option (TransferGo NOW) the company is cutting its money delivery time to 30 minutes or less, and giving recipients an almost instant purchasing power.

Real-time settlement is the feature that TransferGo has envisioned ever since their launch in 2013, their press release states.

More than just a remittance provider, TransferGo is living up to the mantle of a fintech company; using bespoke tech innovation and leading hedging technology to revolutionise the speed of the transfers. In short, they’re disrupting the money transfer industry and breaking down the barriers between clients sending money and their recipients. 

Clear evidence that today people value speed and immediacy when making a purchase, can be seen in the latest reports, where the increasing usage of contactless payments and mobile banking in the UK has reached 69%, meaning that almost three quarters of mobile users currently do some form of banking on the their phones. And understandably so. Mobile payments give people peace of mind since it allows for more tailored and personalised services, is highly convenient and can have seamless authentication processes. That kind of speed is highly valued in the international money transfers sphere. TransferGo has already noticed the incremental increase in the use of various mobile devices, with mobile phones even overtaking desktop usage in the last year, leading to their revolutionary decision to launch close to real-time money transfers for desktop and mobile users.

TransferGo also manages currency fluctuations via an ingenious backend system, meaning that their clients aren’t exposed to currency fluctuation risk, unlike other companies, who usually ask the client to deposit an extra 3% FX deposit to cover any possible currency fluctuations. As currencies fluctuate daily this FX deposit can be quite a large amount if the clients are unlucky. TransferGo are the only international international money provider with no FX risk. The company absorbs the FX risk by providing their clients with fixed fees and guaranteed destination amounts, which is enabled by leading hedging technology. That means TransferGo clients know exactly how much they’re sending and exactly how much their recipient will get.

TransferGo also works with banks rather than against them, giving the company a significant advantage over its competitors and helping ensure that TransferGo follows the highest security regulations and standards. The company has already entered more than 45 partnerships with mainstream banks around the world. This large network of bank partners and accounts allows TransferGo to facilitate pay outs and ensure that transfers are made quickly, safely and at the lowest cost.

Combining the brand new real-time payment feature with their unique infrastructure and an advanced backend system, TransferGo offers clients the most competitive remittance deal in terms of price and  security, as well as the fastest money transfer service across Europe.