OANDA, which provides multi-asset trading services and foreign exchange solutions, has teamed up with Western Union Business Solutions to deliver a new cross-border money transfer solution, OANDA Money Transfer. Directly accessible through the OANDA website and its online currency converter, the new service allows customers to efficiently set up an account, send money in over 130 currencies and to 170 countries and territories.
Available on desktop and mobile, the application provides 24/7 access to real-time rates for personal and business FX transactions. OANDA customers will also have the ability to set up market alerts to be notified when a preferred market rate becomes available. The service has officially launched in the US, Canada, Australia, and the UK, and will be expanding to more countries in the near future.
The Swiss bank, which offers bitcoin blockchain asset management services, is adding support for ether, litecoin and bitcoin cash.
The fintech vendor has agreed the deal as it attempts to complete a bid to buy UK mobile banking vendor Monitise.
Pacific International Lines and the Port Authority of Singapore have signed a deal with IBM to work on proof-of-concept blockchain solutions
As instant payments become more ubiquitous in the US, SWIFT will provide an interface to manage the requirements of sending and receiving domestic instant payment transactions on behalf of customers.