According to the press release, the solution is called OANDA FX Payments, and has been made possible through a joint collaboration with Shift Connect. OANDA FX Payments enables corporate clients to make cross-border payments in 35 currencies, quickly and easily through a safe and reliable online platform. The solution helps companies reduce the cost of international transactions while hedging their currency risk and protecting their bottom line. Featuring a streamlined user experience, the platform also offers clients a completely personalised customer support service. 

Furthermore, the partnership combines OANDA’s expertise in foreign exchange with Currencycloud’s payment technology and Shift Connect’s customer support to offer a simple, reliable international money transfer solution for businesses, large or small.

OANDA FX Payments is available to corporate clients through OANDA Business Information and Services Inc. The firm also offers a wide range of FX Data Services including the OANDA Exchange Rates API, which provides access to daily averages, spot and forward rates, central bank exchange rates and tick-level data for 38,000+ currency pairs, over 200 currencies, commodities, and precious metals, as well as exchange rates sourced from 25 central banks and historical currency rates that date back to 1990.