CurrencyFair launches within the U.S.

Zai has introduced the launch of its CurrencyFair private cash switch service in all 50 states within the USA. Shoppers within the USA can now use CurrencyFair to trade and switch cash internationally with charges eight occasions cheaper than conventional banks, at once and with no hidden charges.

People sending cash overseas can lower your expenses on their forex trade – or save on trade charges when shopping for abroad property, paying abroad tax, paying worldwide scholar charges and receiving abroad pensions – CurrencyFair affords aggressive charges, quick dependable transfers, and wonderful customer support. The service is absolutely licensed and controlled and has securely transferred over $15 billion globally. US shoppers can ship cash to greater than 150 international locations with bank-level safety, however with out bank-level charges.

Paul Byrne, CEO of Zai mentioned, “Since we launched the Zai model internationally in the direction of the top of final 12 months, a key focus for us has been international progress and introducing our evolving product providing into new markets – all whereas maintaining our customer-centric, problem-solving method on the coronary heart of every thing we do. The launch of our CurrencyFair private cash switch service within the US is a pure step for us on this journey, permitting all US-based shoppers – and particularly expats residing within the States – to securely ship cash to over 150 international locations and counting.

“The USA’s $2 trillion income marketplace for funds presents a major alternative for us as Zai continues to develop and develop its product providing. We’re increasing our providers within the US over the approaching 12 months, supporting each shoppers and companies by simplifying funds and making progressive monetary providers accessible to all.”

Launched in Eire in 2010, the CurrencyFair model has expanded internationally providing greater than 20 currencies in well-established forex corridors – together with GBP, Euro, Canadian, Australian, Singapore and Hong Kong {Dollars} from the US – for worldwide funds. CurrencyFair will improve its providing to 40+ currencies this 12 months, together with the Mexican Peso, Brazilian Actual, Argentine Peso, Japanese Yen, Malaysian Ringgit, Pakistani Rupee and Sri Lankan Rupee.

CurrencyFair sits beneath the umbrella of Zai, a worldwide supplier of embedded finance orchestration. Zai helps companies throughout a variety of industries internationally – from fintechs to property expertise firms – in simplifying, streamlining and scaling advanced fee workflows. This newest US launch is a part of a major international growth for the corporate following strategic funding by Normal Chartered Financial institution in 2021; Zai has over 300 workers at the moment, with plans to develop to 450 by 2025, and is increasing its presence throughout APAC, UK, USA and the Center-East within the coming 12 months.

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