How TransferGo accelerated cross-border growth with Nuvei

The challenge 

TransferGo, the global fintech empowering a world on the move, operates in one of the most competitive and price-sensitive verticals in payments. Delivering fast, reliable, and cost-effective cross-border payments is central to their mission. To stay ahead, TransferGo needed both greater transparency in foreign exchange (FX) pricing and more efficient banking flows to support cashflow management, both critical to long-term strategy and their customer value proposition.  

The solution 

In April 2025, Nuvei released its new Mastercard FX Benchmarking solution, enabling money remittance merchants to leverage FX benchmarking across both Visa and Mastercard. TransferGo was selected as the pilot partner for this initiative. 

Working closely through several rounds of planning and preparation, Nuvei designed and implemented bespoke banking process flows tailored to TransferGo’s operational needs. These flows were built to: 

• Streamline cashflow management 
• Reduce FX costs 
• Enable benchmarking of foreign interest rates for sharper competitive positioning  

The results 

The collaboration delivered immediate and measurable impact: 

• TransferGo saw a multi-fold increase in monthly transaction volumes powered by Nuvei.
• Improved transparency: The FX benchmarking solution allowed TransferGo to compare rates in real time, ensuring pricing clarity for its customers. 
• Stronger cashflow: Optimized banking flows enhanced liquidity management and reduced operational friction. 
• Consistent performance: Approval ratios remained strong as volumes increased, supporting sustained growth. 

This initial success spurred on the teams to expand the partnership between Nuvei and TransferGo, with broader currency coverage and increased solution offerings designed to reinforce TransferGo’s competitive market presence.  

"At TransferGo, delivering fast, reliable, and cost-effective cross-border payments is at the heart of our mission. Our partnership with Nuvei sharpens our competitive edge by allowing us to benchmark our rates, ensuring pricing transparency and adding more value for our customers." 

—  Simon Moran, Chief Commercial Officer, TransferGo  

Looking ahead 

With FX benchmarking and streamlined banking flows firmly in place, Nuvei and TransferGo are continuing to explore new opportunities to drive efficiency, expand into additional markets, and bring greater value to merchants and customers across the remittance ecosystem.