Forex Broker OANDA partners with World-First for new international payment system

Internet based Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Broker and service provider OANDA launched recently a new international payment service in partnership with international payment firm World First.

The partnership between OANDA and World First spawned originally in 2013 to offer a payment solution for UK based users. Proving successful, both firms now offer the service to the US, Canada, Australia, and France in addition to the UK.

"Following a hugely successful trial in the UK, we were so impressed with the uptake for our new international Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term platform that it made absolute sense to launch the service in the US, Canada, Australia and France,” stated Trevor Young, Vice President of Product Development for the OANDA Corporation.

Utilizing World First’s flexible payment platform, OANDA users can place high-speed international payment transfers to pay for services like repatriating income, paying for international school fees, and making property investments, among other supported services.

“We're always looking for new ways to improve our proposition, and the partnership with World First will certainly add considerable value to our customer offer," Young added. "Our online payments platform will give OANDA's clients the capability to make international money transfers 24 hours a day, seven days a week. We'll make sure that OANDA users get the same high level support that our own customers have become accustomed to," concluded Chris Russell, CEO at World First USA.

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