US-based multi-asset trading services and forex solutions provider OANDA has partnered with Western Union Business Solutions to deliver a new cross border money transfer service – OANDA Money Transfer.
The new remittance service will allow customers to transfer funds in more than 130 currencies to 170 countries and territories.
OANDA Money Transfer will provide real-time rates for personal and business FX transactions. Customers can also set up market alerts to be notified when a preferred market rate becomes available.
The service has been introduced in the US, Canada, Australia and the UK.
OANDA CEO Vatsa Narasimha said: “We are thrilled to be working with one of the most trusted names in the business to bring our customers and visitors a fast, reliable money transfer solution in a time of unprecedented challenges in foreign exchange.”
Western Union chief payments officer Kerry Agiasotis said: “We are excited about our alliance with OANDA, which brings together two powerhouses in the foreign exchange and international payments space to help OANDA empower their clients with a solution that marries our cutting-edge global payments platform with OANDA’s legacy, reputation and proven FX capability.”