Deutsche Bank has added 50 currencies on its FX4Cash platform. With this addition, clients will now be able to make payments in 125 currencies across more than 160 countries.
Launched in 2008, FX4Cash provides global cross-currency payment solutions for corporations and financial institutions by pairing Deutsche Bank’s foreign exchange business with its payment and clearing capabilities. With FX4Cash, clients transact from one base currency account and streamline their cross-boarder payments in a straight-through process.
Rita Saverino, co-head of FX4Cash, said: “Since its launch last year, clients have valued FX4Cash for its ability to help them minimise costs and simplify operations with their international clients. The fact that we are expanding the reach of this product is a testament to its success and the strength of our global foreign exchange and payment franchises.”
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