OANDA, a US-based multi-asset trading services and forex solutions provider, has recently launched its new cross-border money transfer solution for its German clients.
The new service will allow its customers in Germany to transfer money in more than 130 currencies to 170 countries and territories.
The latest development further builds on the company’s tie up with Western Union in May 2017.
OANDA Money Transfer will offer 24/7 access to real-time rates for personal and business foreign exchange transactions. It will also help the customers to set up market alerts to get notification when a preferred market rate becomes available.
OANDA CEO Vatsa Narasimha said: “The decision to launch OANDA Money Transfer in Germany was a natural choice, because millions of local consumers already rely on our currency converter to provide accurate foreign exchange rate information.
“Now, thanks to our alliance with Western Union, consumers and companies in Germany can easily utilise our competitive money transfer solution with the knowledge that they are working with two of the most trusted financial institutions in the industry.”
The service is already available in the UK, US, Canada and Australia.