Wednesday 19th February, 2014

USForex and CanadianForex, part of OzForex Group, has partnered with global foreign exchange specialist, Travelex.

USForex’s and CanadianForex’s technology platforms enable account-to-account foreign exchange transfers at a discount to the rates and fees of banks. Travelex’s customers can now easily and efficiently transfer money at real time rates from their bank accounts, in any of more than 50 currencies, to friends and family worldwide.

Travelex customers will also no longer need to visit payment locations to send money overseas as USForex’s and CanadianForex’s technology platform facilitates foreign exchange transactions conducted online, via iPhone or Android applications, or by calling 24-hour customer service (toll-free). Customers can also check rates and access market commentary via mobile or online.

"Offering the capability for consumers to conduct international payments online is a natural extension to our business in a rapidly growing market,” said Peter Jackson, Travelex’s CEO. "We’re happy to have found a partner with strong technical capabilities who we can work with to create another fantastic value proposition for Travelex customers. Travelex wanted to offer our clients the most reliable, sophisticated and competitive international money transfer service, and the USForex and CanadianForex teams checked every box."

"We’re very pleased Travelex has chosen to outsource their international payment services to us," said Michael Ward, CEO, North America and Europe for USForex. "Our scalable technology platform has been embraced by more traditional financial institutions, like credit unions and regional banks, which don’t have the infrastructure to offer clients tech-driven foreign exchange services."