Moneycorp + AscendantFX announce US partnership

LONDON, UK, Nov. 4, 2013 /CNW/ - British-based Moneycorp and North America-based AscendantFX today announced a partnership in the United States.

California, New York, Alabama, Oklahoma, Connecticut, New Jersey, Pennsylvania, Virginia, Texas, Nevada, Massachusetts, Kansas, and the District of Columbia join Moneycorp's service to Florida, Wisconsin, Indiana, South Carolina and New Mexico.

Moneycorp operates in the UK, Ireland, Spain, the US and Brazil, servicing the Brazil-USA home ownership trend, especially in Florida.

Andrew Woolley, Director, CFX at Moneycorp, said:

"Core to our growth strategy is internationalising. This partnership means we can handle more international payments for our clients in more of the USA. Whether they are buying property or exporting goods and services to US consumers, we can give our clients a better experience than the banks can. The deal with AscendantFX is another quality partnership that reinforces Moneycorp as the safe and secure foreign exchange provider."

AscendantFX President and CEO Jason Mugford said:

"Partnerships are an important part of our business strategy so it is with great pleasure that we announce our partnership with Moneycorp, an established industry brand. Through this new relationship with Moneycorp, AscendantFX will be able to increase its international payments market share.  AscendantFX has become a market leading financial service payment provider in a short period of time by focusing on technology, software and service. This partnership will assist AscendantFX in expanding our scope."

www.Moneycorp.com

Moneycorp is the trading name of TTT Moneycorp Limited - the UK's fastest growing established foreign exchange provider, which traded £8.5 billion in currencies on behalf of its clients last year, making it one of the biggest providers outside of the banks. Moneycorp provides a safe and secure service to help both individuals and a wide range of businesses save money on their international payments, combined with expert and convenient guidance.

www.AscendantFX.com

AscendantFX offers a range of foreign exchange services for business and operates from offices in the United States, Canada and Asia Pacific handling wire transfers to 235 countries in 140 currencies. AscendantFX's advanced technology platform enables integration of payments and reporting with selective customer interfaces. AscendantFX helps non-profit organizations, charities, educational, financial institutions, food and beverage industry, travel, importers and exporters. AscendantFX traded $1.5 billion in currencies last year.

Image with caption: "AscendantFX + MoneyCorp partnership (CNW Group/AscendantFX Capital Inc.)". Image available at: http://photos.newswire.ca/images/download/20131104_C9495_PHOTO_EN_32824.jpg

SOURCE: AscendantFX Capital Inc.

For further information:

Simon Pritchett, Blue Rubicon
Moneycorp
T 207-260-2700

Don Fenton, AscendantFX Media Relations
T 416-434-3681

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AscendantFX Capital Inc.

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MoneyCorp

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