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Oanda and Currencycloud oncross-border payments for North American firms

Source: Oanda

A global leader in online multi-asset trading services and currency data and analytics, OANDA has joined forces with Currencycloud, a leading provider of B2B embedded cross-border solutions, to deliver a new international money transfer service to companies in North America.

Called OANDA FX Payments, the new solution has been made possible through a joint collaboration with Shift Connect.

OANDA FX Payments enables corporate clients to make cross-border payments in 35 currencies, quickly and easily through a safe and reliable online platform. The solution helps companies reduce the cost of international transactions while hedging their currency risk and protecting their bottom line. Featuring a streamlined user experience, the platform also offers clients a completely personalized customer support service.

The partnership combines OANDA's deep-seated expertise in foreign exchange with Currencycloud's best-of-breed payment technology and Shift Connect's world-class customer support to offer a simple-to-use, reliable international money transfer solution for businesses, large or small.

Lucian Lauerman, Head of OANDA FX Data Services, said, "One of the world's leading FX authorities, OANDA is dedicated to helping companies optimize cash flow, manage currency risk and build their bottom line. As such, we're delighted to be partnering with Shift Connect and Currencycloud in order to add OANDA FX Payments to our best-in-class range of corporate currency solutions, which are trusted by audit firms, tax authorities and multinational corporations all over the world."

"As we have started to expand into new territories across the globe, and our partnership with Currencycloud expands, we were uniquely placed to create new solutions for OANDA's corporate FX clients who make international payments," explained Dave Kelcher, CEO at Shift Connect.

Richard Arundel, North American General Manager & Co-founder of Currencycloud, commented, "This is a unique proposition for OANDA and its corporate FX clients. By working closely with our existing partner, Shift Connect, in North America, we have been able to create a one-of-a-kind cross-border payment solution for OANDA."

OANDA FX Payments is available to corporate clients through OANDA Business Information and Services Inc. The firm also offers a wide range of FX Data Services including the OANDA Exchange Rates API, which provides access to daily averages, spot and forward rates, central bank exchange rates and tick-level data for 38,000+ currency pairs, over 200 currencies, commodities, and precious metals, as well as exchange rates sourced from 25 central banks and historical currency rates that date back to 1990. 

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