OANDA Teams With Currencycloud For Transfers

Presenting a new cross-border money transfer offer to North American businesses, AT THAT MOMENT teamed up with cross-border solution provider Currencycloud. The new offering, known as OANDA FX Payments, was made possible by a joint effort with FX advisors Shift Connect, according to a statement released on Wednesday, January 27th. announcement.

Lucian lauermanThe head of OANDA FX Data Services said in a statement that OANDA is committed to helping firms optimize their cash flows as much as possible, manage foreign exchange risk, and improve profits.

“We are delighted to partner with Shift Connect and Currencycloud to add OANDA FX Payments to our range of best-in-class corporate currency solutions trusted by supervisory firms, tax authorities and multinational corporations around the world, Lauerman said.

OANDA FX Payments allows commercial customers to make international payments in 35 currencies over a digital infrastructure. The offer helps firms in reducing the expenses of cross-border transactions. In addition, according to the announcement that the platform provides special support to customers, it also protects the currency risk and maintains its lower limits.

Commercial customers are referred to OANDA FX Payments as OANDA Business Information and Services Inc. You can access via. In addition, the firm provides a range of FX Data Services such as the OANDA Exchange Rates Application Programming Interface (API). Founded in the 1990s, OANDA became the first company to share exchange rate data free of charge on the web, according to the announcement.

Payment solution platform in August Contis open cooperation with Currencycloud In order to provide global payments for 1 million accounts. Contis provides business-to-business (B2B) publishing and processing through its cloud-based technology.

According to a press release made at the time, the joint effort of the two UK-based financial tech firms was expected to allow customers to convert the British pound into over 30 currencies and transfer cash to more than 50 countries on five continents.