moneycorp Americas establishes presence in Canada

By Pavithra R

moneycorp Americas, a leading provider of global payments and currency risk management, has announced its strategic plan to expand to Canada with operations to offer global payment and FX hedging products to both private and corporate clients.

moneycorp’s North American operations has served clients in the United States. for more than two decades with focus on private clients’ money transfers, corporate risk management and global payments solutions. The extension marks a significant step in the company’s global expansion plans to offer a comprehensive and unique offering to the market.

“Getting our operations and infrastructure established and fully compliant to serve the specific Canadian market requirements is a significant milestone for our company. Today, we are making a significant investment to build this market and with highly differentiated offerings providing both private and business clients the opportunity to choose a long-standing industry expert as their payments and FX currency partner. In today’s challenging economic environment, I am pleased to continue our expansion into a prime market that aligns with our strategic growth plans,” said Bob Dowd, Chief Executive Officer, moneycorp Americas.

moneycorp, being among the leading independent FX providers, offers its clients a banking group within its portfolio with banking licenses in Europe and Brazil. Its private clients include high net worth individuals and snowbirds looking for real estate purchases in the U.S. and abroad. The company has teamed up with seasoned FX specialists to meet its corporate clients’ business objectives by providing strategies that mitigates foreign exchange exposures.

“We are very proud to share what is typically only available to the largest financial institutions and corporates to all our customers regardless of size. We’ve done the work to ensure our Canadian clients get the very best pricing and pass those savings onto them directly,” continued Bob Dowd.

Established since 1979, moneycorp Americas is a leading provider of global payments and currency risk management. The company serves the growing foreign exchange and payment needs of global businesses, importers and exporters, online sellers and personal clients.