moneycorp partners with Scottish Chambers of Commerce

By Megha Bhattacharya

International payments and foreign exchange specialist, moneycorp recently announced a partnership with the Scottish Chambers of Commerce. The collaboration will be offering around 12,000 Scottish firms with access to foreign exchange support from moneycorp along with support for smaller Scottish chambers including Highlands and Islands.

Niall Handy, moneycorp’s head of sales for Scotland and Northern Ireland commented, “This partnership is incredibly exciting and a key strategic move for Scottish businesses during these tumultuous times. At moneycorp, we know the importance of the personal touch, we work closely with clients and our international network to support local businesses on the international stage. I’m very proud we’re going the extra mile, expanding locally to help our clients take a proactive approach to their currency strategy, creating opportunities for Scottish businesses.”

“Far too many firms fail to record FX costs as a line item, resulting in hidden charges being levied by most retail banks. We believe in absolute transparency and look forward to working with Scottish Chambers of Commerce to boost the global competitiveness of Scotland’s businesses.”

moneycorp stated that its team would be offering guidance to Scottish businesses in accelerating international growth and offer competitive foreign exchange rates. Scottish Chambers of Commerce members will benefit from significant savings on transactions, free FX health checks for Scottish finance teams and corporate treasurers, and expert advice on hedging currency exposure.

Dr Liz Cameron OBE, Chief Executive, Scottish Chambers of Commerce, added, “Scottish Chambers of Commerce is delighted to partner with moneycorp. This partnership will provide a valuable service for the Scottish Chambers of Commerce Network and will strengthen our international trade offering. It will provide foreign exchange transactions, help and guidance based on comprehensive market knowledge and experience, as well as aid in reducing costs and risk for our members.”

Recently, moneycorp announced the appointment of Alan Bowkett as the Chairman, William Paul, and Adam Jones as the non-executive directors to the board. The new development is expected to speed up growth, transformation, and international expansion for the company.