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Currencycloud and TransferGo partner to fuel cross border payments

Money transfer company, TransferGo has announced its partnership with payments platform Currencycloud in a bid to facilitate cross border payments and assist its launch in 14 new markets in the Q1 2020. The suppliers state that the partnership will expand their service availability to 69 countries in total.

TransferGo CEO and co-founder Daumantas Dvilinskas said, “Our mission is to create financial options and access for hardworking migrant communities around the world. At the same time, we recognise that our customers the world over have unique money transfer needs. Our partnership with Currencycloud will help us meet these varying needs with further scale and reach.”

The partnership aims to work against the trend of bureaucracy and fees imposed by banks for processing payments in other countries and currencies and democratise remittances for users across markets including Kenya, Japan, Malaysia, the UAE and many more.

Digby Try, VP of Sales, EMEA at Currencycloud said, “Currencycloud was launched with the intention of democratising cross-border payments. Working with TransferGo is a perfect example of how we envisaged helping to make the complicated, opaque and expensive process of sending money overseas far more simple.”

Recently, Currencycloud announced the launch of its multi-currency account solution Currencycloud Spark, aimed to allow business customers to collect, store, convert and pay in 35 currencies.

Established in 2012 in the UK, TransferGo is a ‘pure-play digital’​ international money transfer service that is regulated by the UK Financial Conduct Authority (FCA) as an authorised payment institution. They enable international money transfers across Europe and other global destinations.

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