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First Rate Exchange Services and HiFX have joined forces to launch a new white-labelled international payment service which allows businesses to provide their customers with an international money transfer service which offers security, highly competitive exchange rates and simple online transfer options.
International Payments smoothes the process of making or receiving payments from abroad, whether it be an individual buying a holiday home overseas, or a business making regular payments for salaries or pensions. This new service is already creating interest from organisations which have identified its potential as an attractive and profitable add-on to their offering.
First to snap up the new service has been the Post Office – already a market leader in travel services, the Post Office is offering the International Payments service as a secure way to make online overseas property money transfers.
Gordon Gourlay, Managing Director, First Rate Exchange Services, explained: “Our wealth of experience gained through providing wholesale foreign exchange services has shown there is a need for a simple, value for money and secure way to transfer money to and from international destinations.
“Working with HiFX we have listened to UK businesses and introduced this service which can be tailored for a whole range of markets for which international payments play a part. Many companies are already realising how, as a bolt-on service, it could provide a valuable additional revenue stream.”
The key benefits of the International Payment product are:
– secure bank to bank service
– no hidden charges and competitive exchange rates
– fixed rates can be applied for extra peace of mind
– up to £10,000 can be transferred online at the touch of a button, with no upper limits on transactions made by telephone.
First Rate has developed the new International Payment service through working alongside HiFX. Laurence Butcher, CEO of HiFX explained: “HiFX has a strong track record for developing innovative solutions to help both corporate clients and private individuals make international currency transfers. We have a wealth of experience on a global scale and are delighted to be working with First Rate to offer UK businesses a new service to complement their current service offer.”
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
