WireFX and Monex USA enter into partnership for international payments


Lucy Ingham
Lucy Ingham
Head of Content
Lucy is Head of Content overseeing all content and taking deep dives into the trends and data driving changes in payments. Previously, Lucy worked as a technology journalist and editor,… Read more
  • WireFX has announced that it has entered into a strategic partnership with Monex USA to provide corporate clients in the US with a global payments service.
  • WireFX’s Global Payments as a Service (GPaaS) platform will integrate Monex USA’s foreign exchange conversion and cross-border payments solutions.
  • Both parties expect the partnership to drive growth and revenue in the future.

WireFX has announced that it is extending its global business transfers service to corporate clients in the US, having entered into a strategic partnership with Monex USA.

WireFX will leverage Monex USA’s digital solutions to provide a range of payment features for clients stateside on its leading Global Payments as a Service (GPaaS) platform.

Clients on the WireFX platform will soon be able to get the best exchange rates, with full capabilities for foreign exchange conversion, as well as extensive cross-border payment facilities.

The two companies decided to strike up a strategic alliance after recognising how their core business and tech capabilities could be enhanced through close cooperation.

WireFX and Monex USA also expect to unlock “significant” opportunities for both long-term growth and increased revenue.

WireFX CEO Jeff Althaus said that integrating Monex USA’s solution into the firm’s global payments network comes at a time when its growth is surging across “all verticals”.

He added: “We look forward to leveraging Monex USA’s extensive knowledge and capabilities to drive efficiency and expand our offering to WireFX clients.”

Monex USA Director Emmanuel Serrano said that he was pleased to agree to what is expected to be a “rewarding partnership”.

WireFX already provides a plethora of banks, credit unions and fintechs with access to safe and fast global payments.

Now, with the expertise of Monex USA, which has delivered foreign exchange and international payments solutions for more than two decades, clients based in the US will get an even better service.

Fast money transfers are critical for modern businesses – you can find the best brokers for business payments by reading the latest content in our money transfer reviews section.

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