18 February 2018
Visit www.avoka.com

Oanda expands to Germany with Western Union

08 August 2017  |  4165 views  |  0 Source: Oanda

A global leader in online multi-asset trading services and foreign exchange solutions for individuals and businesses, OANDA recently extended a new cross-border money transfer solution to clients in Germany.

Already available in the UK, US, Canada and Australia, the German launch of OANDA Money Transfer further builds on the firm’s recent alliance with global payment services provider, The Western Union Company, which was implemented earlier this year.

Accessible directly through the OANDA website, customers in Germany can now open a cross-border money transfer account in minutes, enabling them to send money in over 130 currencies between more than 170 countries and territories around the world. OANDA Money Transfer is also available through the firm’s world-trusted online currency converter.

Available on desktop and mobile, the application provides 24/7 access to real-time rates for personal and business foreign exchange transactions. OANDA Money Transfer customers can also set up market alerts to notify them when a preferred market rate becomes available, providing significant cost savings for both individuals and companies.

Vatsa Narasimha, OANDA’s Chief Executive Officer, commented, “The decision to launch OANDA Money Transfer in Germany was a natural choice, because millions of local consumers already rely on our currency converter to provide accurate foreign exchange rate information. Now, thanks to our alliance with Western Union, consumers and companies in Germany can easily utilise our competitive money transfer solution with the knowledge that they are working with two of the most trusted financial institutions in the industry.”

Jean-Claude Farah, Western Union’s President, Global Payments said, “This is an exciting alliance and a growth opportunity for Western Union in Germany. We want to serve the customer in the best way possible and we will work with our partners to meet their needs.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsVisit www.vasco.comvisit www.nextgenbanking.co.uk

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10790 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8443 views comments | 15 tweets | 42 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8181 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7894 views 3 | 9 tweets | 6 linkedin

Featured job

Find your next job