- New partnership means that MoneyNetint’s corporate customers will have access to various new API-powered services, such as automatic payment execution
- MoneyNetint is a London-based firm which works alongside global financial services companies in particular, while AFEX is a forex specialist
- “We view this partnership as a key element in our company’s continued growth, and look forward to working together with AFEX”, said a MoneyNetint spokesperson
Money processing firm MoneyNetint has revealed that it will work with a specialist forex firm to help enhance its online money transfer offer.
It will work alongside AFEX, which is a global payments company.
AFEX’s application programming interfaces (APIs) will be made available to MoneyNetint as part of the new collaboration.
As a consequence, MoneyNetint will be able to provide a variety of new services to its corporate customers – particularly when it comes to making and receiving payments.
This is understood to include automatic payment execution and also real-time, instantaneous pricing data.
According to Wayne Mitchell, who serves as the managing director for the Europe, Middle East and Africa regions at AFEX, the firm is “excited” about what’s to come.
“AFEX is excited to work with MoneyNetint”, he said.
“As a top-tier commercial global payment and risk management solutions provider, we seek to create strategic partnerships with innovators like MoneyNetint. Our transactional, onboarding and FX APIs will support MoneyNetint’s growth and help them scale.”
“We are pleased to combine our expertise with MoneyNetint in this exciting partnership”, he added.
For MoneyNetint, the firm’s CEO Yishay Trif described the new collaboration as a “key element” in plans for the firm’s growth.
“We view this partnership as a key element in our company’s continued growth, and look forward to working together with AFEX”, Trif said.
“We are committed to developing multiple payment channels, to serve the unique needs of our global customers.”
The firms are both leaders in their respective fields.
MoneyNetint is believed to be responsible for the processing and facilitation of billions of US dollars in payments every single year.
It is based in London and caters in particular to financial services companies around the world.
AFEX, which has a history stretching back more than four decades, is one of the biggest non-bank providers on earth.
It supports over 35,000 clients and has offices based in major locations around the world.
On its website, it emphasises the speed of its growth and also its multiple capacities.
“We are the fastest growing top-tier independent commercial global payment and risk management provider in the world”, it says.
“With an enviable history and a world-class team of highly experienced experts, our capabilities are truly global, spanning all time zones with a seamless 24-hour foreign exchange capability”, it adds.
Partnerships like these are common in the cross border payments sector. To stay ahead of the curve on the latest trends and developments, keep an eye on our magazine pages.
