GAIN Capital Announces Launch of New Money Transfer Service
- Customers will be able to transfer funds at very low exchange rates and transfer charges.
GAIN Capital Holdings, Inc. (NYSE: GCAP) today announced the launch of a new money transfer service on its website forex.com, which is the FX brand of the company.
Using this service, individuals and businesses will be able to transfer money in 26 currencies across 200 countries in a quick and efficient manner. The announcement also states that the transfer and exchange rates will be highly competitive which should encourage even clients who transfer small amounts of money on a frequent basis to use this service.
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It is a natural extension for FX brokers to enter the money transfer business, as they can use their inbuilt Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to hedge the 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, which would in turn be helpful in cutting down transfer charges and providing tight rates, something which cannot be done by banks or other money transfer service providers.
Glenn Stevens, CEO of Gain Capital, said: “The international money transfer service is a natural extension for FOREX.com, a global market leader in retail foreign exchange trading servicing customers in over 180 countries. We’ve leveraged our nearly two decades of experience in FX to bring a fast, reliable and cost-effective cross-border payments solution to the market. As a highly trusted name in foreign exchange, we offer our customers peace of mind that their transactions will be handled safely and securely.”
The service will be available only to UK residents initially, and they will able to transfer funds to Europe within 24 hours and to regions outside Europe within 24-48 hours. The service is available via desktop, tablet and mobile device and will be expanded to other European countries in the coming months.
GAIN Capital Holdings, Inc. (NYSE: GCAP) today announced the launch of a new money transfer service on its website forex.com, which is the FX brand of the company.
Using this service, individuals and businesses will be able to transfer money in 26 currencies across 200 countries in a quick and efficient manner. The announcement also states that the transfer and exchange rates will be highly competitive which should encourage even clients who transfer small amounts of money on a frequent basis to use this service.
[gptAdvertisement]
It is a natural extension for FX brokers to enter the money transfer business, as they can use their inbuilt Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to hedge the 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, which would in turn be helpful in cutting down transfer charges and providing tight rates, something which cannot be done by banks or other money transfer service providers.
Glenn Stevens, CEO of Gain Capital, said: “The international money transfer service is a natural extension for FOREX.com, a global market leader in retail foreign exchange trading servicing customers in over 180 countries. We’ve leveraged our nearly two decades of experience in FX to bring a fast, reliable and cost-effective cross-border payments solution to the market. As a highly trusted name in foreign exchange, we offer our customers peace of mind that their transactions will be handled safely and securely.”
The service will be available only to UK residents initially, and they will able to transfer funds to Europe within 24 hours and to regions outside Europe within 24-48 hours. The service is available via desktop, tablet and mobile device and will be expanded to other European countries in the coming months.