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.
Neil Dyke, who joins the company as its new chief technical officer, was previously chief information officer for GE Money Home Lending.
A partnership between broker Bitpanda and the network means that the virtual currency can be purchased at more than 1,800 post offices across the country.
The Swiss initiative to encourage fintech start-ups has announced its shortlist for this year from over 1,500 applications.
Six Swiss multinationals - including ABB, Nestle and Roche - have urged banks to use the global payments innovation service to improve cross-border payments.