OANDA, the internet based foreign exchange (FX) broker, has launched an international payments service for the US, Canada, Australia and France.
OANDA formed a partnership last year with international payments company World First and initially rolled out the facility in the UK and said that based on the level of new business that it attracted, the decision was taken to roll-out the service to four more countries.
The service enables private individuals to make transfers for repatriating income, paying for international school fees, making property investments and a variety of other purposes. Business users are able to book transfers for importing and exporting goods and services.
“Following a hugely successful trial in the UK, we were so impressed with the uptake for our new international payments platform that it made absolute sense to launch the service in the US, Canada, Australia and France,” said Trevor Young, vice president of product development, OANDA Corporation.
“We’re always looking for new ways to improve our proposition, and the partnership with World First will certainly add considerable value to our customer offer.”
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