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
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."
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.
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.
SOURCE: AscendantFX Capital Inc.
For further information:
Simon Pritchett, Blue Rubicon
Don Fenton, AscendantFX Media Relations