FxPro has partnered with Currenycloud to launch the banking app BnkPro

By Joy Dumasia

FxPro, the global broker, has partnered with Currencycloud, a B2B embedded cross-border solutions provider, as part of a new offer of flexible and convenient e-money solutions in the form of its new business BnkPro.

BnkPro will offer the ability to access private banking-like services through a simple and intuitive app to the affluent mass segment of the market. This app will enable customers to create a multi-currency digital wallet and request a Mastercard debit card.

The integration of Currencycloud into FxPro’s offering expands its geographic reach. It provides access to several new local and international payment rails and schemes that will make it easier and quicker for customers to send, receive and hold funds in multiple currencies.

Charalambos Psimolophitis, CEO of FxPro Group, said: “FxPro Group and our brands have always strived for constant technological innovation, and this integration is another step towards us offering the complete financial services package, facilitating global transfers and multi-currency accounts alongside robust digital investment services. There is no doubt that the partnership with Currencycloud will enable us to reach our goals, provide a top-quality professional product and firmly establish BnkPro Ltd as a leader in this market.”

Nick Cheetham, Chief Revenue Officer at Currencycloud, states: “FxPro is a globally renowned broker, and we are excited to work with them on this new endeavour which will maximize our Currencycloud Spark solution and allow their customers to pay, receive and hold multiple currencies simultaneously, exchanging currencies when it suits them. Alongside their trading platform, this partnership will be a real value for their customers.”

Recently, IBS Intelligence reported that Visa announced it had signed a definitive agreement to acquire Currencycloud. This global platform enables banks and FinTechs to provide innovative foreign exchange solutions for cross-border payments.