14 August 2024, London, UK. Freemarket, a leading London-based fintech platform for B2B cross-border payments and currency exchange, announced today that has joined The International Association of Money Transfer Networks (IAMTN) as a member. The partnership marks a further step in Freemarket's commitment to delivering a world where all businesses can access fair and effective international payments, supporting the IAMTN mission to power money for people and businesses globally.
Founded in 2005 by Veronica Studsgaard, with its headquarters in London, UK, the IAMTN is the leading non-profit membership organisation representing payment service providers worldwide. They aim to provide a consistent platform for payment industry stakeholders to come together, discuss common challenges and create opportunities by working with its members to create safer, cheaper, more accessible and transparent payment systems.
Commenting on the partnership, Karl Turnbull, CRO of Freemarket, said: “The need for every company to have the freedom to do business across borders is as important now as it has ever been. That’s why we’re proud to be joining the IAMTN and supporting its mission to reduce friction when moving money around the world, in the interests of companies and consumers globally”.
Veronica Studsgaard, CEO of IAMTN, said: "In our strategic alliance with Freemarket, we are empowering consumers globally by minimizing cross-border payment frictions, fostering financial inclusion, and strengthening free markets. Together, we are driving innovation and progress to create a more consumer-centric global financial landscape."
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Notes to editors
For media enquiries, please contact:
IAMTN
Email - nikila.punnoose@iamtn.org
Website - https://www.iamtn.org/
Freemarket:
Email - press@wearefreemarket.com
Website: www.wearefreemarket.com
The International Association of Money Transfer Networks is the only global international trade organisation that represents Money Transfer Industry/Payment Institutions providing cross border payments. Founded in 2005, provides a platform for industry partners to come together to discuss common challenges, industry initiatives, and create opportunities. IAMTN works closely with governments, regulators, regional associations and all other important stakeholders such as the World Bank, IFAD, BBA, DIFD to champion the creation of the most effective, safe, reliable and efficient payment system.
Freemarket works with businesses to accelerate their growth by giving them access to cross-border payments and currency exchange optimised for their needs. Freemarket’s platform gives you access to a global bank network and innovative technology in one place, allowing you to streamline your processes, remove complexity and increase efficiency. Freemarket’s board includes Charlotte Crosswell, former CEO of Innovate Finance and Rich Ricci, the former CEO of Barclays Investment Bank. Freemarket is authorised and regulated by the Financial Conduct Authority.