The Haas F1 Team has announced a worldwide partnership with TransferMate Global Payments – an Ireland-based B2B payments infrastructure as-a-service provider.
TransferMate will provide cross-border payments services through its global payments infrastructure.
The company’s logo will also be featured on the Haas F1 Team’s VF-22 car and the apparel of drivers Kevin Magnussen and Mick Schumacher throughout the 2022 FIA Formula 1 World Championship.
Over the past decade TransferMate has built a payments network that allows businesses and individuals to make cross-border payments easily.
Operating with multiple currencies, TransferMate said that it works faster and more securely than traditional banking methods and with complete transparency of the transaction through to the point of final reconciliation.
This delivers new levels of confidence, eliminates unnecessary financial risk, and drives significant cost-efficiency benefits.
Guenther Steiner, Team Principal of Haas F1 Team said,
“We’re delighted to welcome TransferMate and we look forward to a productive working partnership in 2022 and beyond. It’s clear that as a brand TransferMate prides itself on the delivery of the very best product.
We share that ethos and ultimately, we’re both in sectors where innovation is rewarded and actions need to be executed with confidence and precision. Efficiency is key to everything we do in Formula 1 and working with TransferMate adds another deliverable to our operations.”
Sinead Fitzmaurice, CEO of TransferMate Global Payments – a subsidiary of the CluneTech Group, commented;
“We’re delighted to become an official team partner of Haas F1 Team. The partnership brings together two like-minded organizations, each with a strong commitment to challenging norms through innovation.
We’re looking forward to seeing our partnership group throughout the 2022 Formula 1 season. It promises to be a very exciting year for both ourselves and the Haas team. It’s only fitting that we’re joining forces on the road ahead and setting new standards of excellence for the future.”
This article first appeared on Fintech News Switzerland.