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OANDA Money Transfer launches in Germany

7th August, 2017

Media relations contact

Melinda Earsdon
Global Head of Public Relations
+65 6579 8288
pr@oanda.com

A global leader in online multi-asset trading services and foreign exchange solutions for individuals and businesses, OANDA recently extended a new cross-border money transfer solution to clients in Germany. Already available in the UK, US, Canada and Australia, the German launch of OANDA Money Transfer further builds on the firm’s recent alliance with global payment services provider, The Western Union Company, which was implemented earlier this year.

Accessible directly through the OANDA website, customers in Germany can now open a cross-border money transfer account in minutes, enabling them to send money in over 130 currencies between more than 170 countries and territories around the world. OANDA Money Transfer is also available through the firm’s world-trusted online currency converter.

Available on desktop and mobile, the application provides 24/7 access to real-time rates for personal and business foreign exchange transactions. OANDA Money Transfer customers can also set up market alerts to notify them when a preferred market rate becomes available, providing significant cost savings for both individuals and companies.

Vatsa Narasimha, OANDA’s Chief Executive Officer, commented, “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.”

Jean-Claude Farah, Western Union’s President, Global Payments said, “This is an exciting alliance and a growth opportunity for Western Union in Germany. We want to serve the customer in the best way possible and we will work with our partners to meet their needs.”

About Western Union Business Solutions

Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to suit their individual needs. It is a business unit of The Western Union Company (NYSE: WU), a leading non-bank provider of cross border payments. Clients are supported by a network of trading offices, strategic banking relationships and a global clearing network and can send cross-border foreign exchange payments in more than 130 currencies