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OFX, Travelex sign online payments deal

Monday 15 October 2012 11:52 CET | News

OFX, an Australia-based online foreign exchange company, has entered an agreement with US-based retail foreign exchange services provider Travelex to develop an international bank transfer product.

Under the partnership, users will be able to transfer funds to international bank accounts using a web tool, or iPhone and Android applications.

The product will first launch in Britain and then expand into the US, Hong Kong, Singapore and Australia.

OFX has received money from investment companies Accel Partners, Macquarie and the Carlyle Group. Travelex is a global foreign exchange company providing the payment and receipt of domestic and international funds for businesses of all sizes.
 


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Keywords: OFX, Travelex, online payments, online foreign exchange, Accel Partners, Macquarie
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce