JPMorgan’s Treasury Services business has expanded its foreign exchange services to support execution of payments in more than 140 currencies. By expanding the bank’s foreign exchange payment capabilities to include a wider range of currencies, clients now have more currency options when making payments. Additionally, clients can lock in the exchange rate in more currencies so transaction costs can be calculated in advance of transmission.
“It is crucial for our clients to be able to make payments in local currencies so they can operate as efficiently as possible, especially during these challenging economic conditions,” stated Emma Loftus, managing director, JPMorgan Treasury Services. “By expanding our currency capabilities, we have simplified global payments, allowing for the movement of money wherever it is needed, and in the currency required. This is an important part of JPMorgan’s ongoing efforts to increase our global treasury services capabilities.”
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