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OFX, previously known as OzForex, is an Australian online foreign exchange and payments company with headquarters in Sydney.The company provides money transfer services to individuals such as migrants and expatriates and small businesses as well as providing white-label international transfer services for Travelex, MoneyGram, Xero, Capital One 360 and Macquarie Group.
In 2006, it was estimated that 14% of currency transfers/international payments processed in the UK were made via non-bank Foreign Exchange Companies. [8] In 2016, the share of Britain’s biggest banks in the market supplying UK companies' daily foreign currency needs fell for a second year running.
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CLS Group (for Continuous Linked Settlement), or simply CLS, is a specialized financial market infrastructure group whose main entity is the New York-based CLS Bank.It started operations in 2002 and operates a unique and global central multicurrency cash settlement system, known as the CLS System, which plays a critical role in the foreign exchange market (also known as forex or FX).
The company rebranded to reflect its expanded product offering beyond international money transfer. [29] On 2 July 2021, it was announced in a prospectus published by the company that co-founder Taavet Hinrikus would step down as chair within a year. [31] It was also announced that David Wells would replace him in this position.
London / New York, Sept. 10, 2024 (GLOBE NEWSWIRE) -- AbbeyCross, the platform focused on improving connectivity and access in global FX payments announced today that Wise Platform, Wise’s global payments infrastructure for banks and global enterprises, has joined the ABX Platform as its newest payment partner.
The company's products and services include the exchange of foreign currencies; wire transfer payments; purchase and sale of foreign bank drafts and international traveler's cheques; and foreign cheque clearing. It also provides related products and services, such as the license of proprietary FX software applications delivered on CEIFX. [1]
Moneycorp is a British payment company that provides foreign exchange and global payment services to individual and corporate customers. [3] The company was founded in London in 1979. [ 4 ] Its clients include individuals, corporations, and other financial institution.
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