- Currencycloud, which is a big name in the online money transfer sector, has announced that it will start to offer a weekend foreign exchange rate, meaning that the service will now be available seven days a week.
- The new move has been developed in partnership with Visa.
- “Together with Visa, we now enable our clients to execute FX transactions over the weekend in exactly the same way, using a standardised API and workflow as they would during the week,” said a senior spokesperson.
Currencycloud, a leading provider in the online money transfer sector, has announced that it will start offering competitive foreign exchange trading services at the weekends.
Currencycloud said that it had made the move in order to provide customers with the relevant services 24 hours a day, seven days a week.
The company is working with major financial services brand name Visa to deliver this service.
The firm’s decision is expected to help customers who are struggling to afford the costs of doing business over the weekend when trading desks are closed.
These businesses were often losing out to those that they were competing against.
In a statement, the vice president of partners and enterprise at the firm said that the move was a “massive step” when it comes making progress on this front.
Steve Lemon explained that it will help businesses that were facing a need to operate around the clock.
“This is a massive step in overcoming business issues of operating 24/7,” he said.
He went on to say that the partnership with Visa meant that clients could carry out foreign exchange transactions at the weekends using an application programming interface (API).
“Together with Visa, we now enable our clients to execute FX transactions over the weekend in exactly the same way, using a standardised API and workflow as they would during the week,” he said.
He also argued that customers could work and use foreign exchange conversions in the same way now.
“Therefore, their customers can continue to operate their businesses and execute FX conversions in exactly the same way too,” he said.
Currencycloud has become a leading name in the sector in recent years.
It claims to have processed money transfers of over US$100bn to more than 180 nations globally since 2012.
It has a number of offices around the world, including in Singapore and Cardiff as well as its head office in London.
It also has a wide range of commercial partnerships in place, including with firms such as Mambu and GPS.
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