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TransferMate applies for representative office license in Bahrain

TransferMate, a provider of embedded B2B payments IaaS, has submitted its application for a representative office license in Bahrain.

TransferMate Pte. Ltd. has received in-principle approval from MAS to add account issuance, domestic money transfers and e-money issuance.

Barclays partners with TransferMate to provide an international receivables payments solution for UK businesses.