XE.com, one of the most widely utilized currency translation sites, has initiated a partnership with Currency Cloud for its XE Money Transfers (XEMT), which is slated for launch by year’s end in the UK.
XE specializes in foreign exchange transfers for many institutions, individual investors and businesses – XEMTs are a comprehensive international payments service for users that allows for greater FX transparency measures.
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XE has announced that it intends to introduce the service as a beta offering to UK users by the end of 2014. The XEMTs gains access to Currency Cloud’s international Payments Engine, which helps point-to-point transfers and an overall streamlined process for users.
According to Steven Dengler, CEO and Co-Founder, XE.com, in a recent statement on the partnership, “We’ve had a very positive experience working with Currency Cloud. We are excited to launch a service that not only meets business needs, but also continues our 20 year commitment to deliver transparency, efficiency, and above all, respect for our customers.”
“Both of our companies put transparency and customer trust first, which made for a truly collaborative partnership in terms of both tech development and corporate philosophy. The integration of the two services resulted in a truly comprehensive platform that brings tremendous value to the overall market and its end-users,” added Mike Laven, CEO, Currency Cloud, in an accompanying statement.