Canada-based forex brokerage group Oanda announced on Wednesday it has partnered with Western Union to deliver a new cross-border money transfer solution to its clients. The new service is accessible directly through OANDA’s website and its online currency converter, allowing customers to easily set up an account and send money to 170 countries.
The soulution provides 24/7 access to real-time rates for personal and business FX transactions and is available on desktop and mobile. In addition, the broker’s clients will also be able to set up market alerts in order to be notified when a selected market rate becomes available.
The cross-border money transfer service is officially launched in the US, Canada, Australia, and the UK, and will soon available in other countries.
“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,” commented Vatsa Narasimha, CEO of OANDA.
Oanda is a global multi-asset forex brokerage, having one of the largest currency databases in the world. It operates through offices in San Francisco, Toronto, New York, London, Singapore, Tokyo, and Sydney. The group is regulated by the relevant authorities in the US, Singapore, Canada, the UK, Japan, and Australia.