OANDA and Western Union Business Solutions Team Up on Cross-Border Money Transfer

  OANDA and Western Union Business Solutions Team Up on Cross-Border Money

Business Wire

SAN FRANCISCO -- May 17, 2017

OANDA, one of the world’s largest providers of multi-asset trading services
and foreign exchange solutions for individuals and businesses, today announced
that it has teamed up with Western Union Business Solutions to deliver a new
cross-border money transfer solution, OANDA Money Transfer.

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Directly accessible through the OANDA website and its world trusted online
currency converter, the cross-border money transfer service allows customers
to efficiently set up an account, send money in over 130 currencies and to 170
countries and territories.

Available on desktop and mobile, the application provides 24/7 access to
real-time rates for personal and business FX transactions. OANDA customers
will also have the ability to set up market alerts to be notified when a
preferred market rate becomes available.

The service has officially launched in the US, Canada, Australia, and the UK,
and will be expanding to additional countries in the near future.

Vatsa Narasimha, OANDA CEO, commented: “We are thrilled to be working with one
of the most trusted names in the business to bring our customers and visitors
a fast, reliable money transfer solution in a time of unprecedented challenges
in foreign exchange.”

The arrangement brings together two of the financial industry’s most
influential providers of foreign exchange and fund transfer services at a time
when payments and transfers are increasingly being executed across borders and
in multiple currencies.

Kerry Agiasotis, Chief Payments Officer for Western Union added “We are
excited about our alliance with OANDA, which brings together two powerhouses
in the foreign exchange and international payments space to help OANDA empower
their clients with a solution that marries our cutting-edge global payments
platform with OANDA’s legacy, reputation and proven FX capability.”


OANDA Corporation has transformed the business of foreign exchange through an
innovative approach to forex trading. The company’s leading online trading
platform, fxTrade, introduced a number of firsts to the marketplace, including
immediate execution; instant settlement on trades; trades of any size between
one unit and 10 million units; and interest calculated by the second.

The company’s many awards attest to the power and flexibility of its trading
platform. OANDA has been named “Best Forex Provider” by the Financial Times
and by Investors Chronicle; “Best FX Broker” by Forex Magnates; and was
recognized by Investment Trends Singapore as providing “Best Value for Money”
and “Highest Overall Client Satisfaction”.

OANDA was the first online provider of comprehensive currency exchange
information, and today the Solutions for Business division provides FX data
services to global corporations. The OANDA Rates® are widely considered the
benchmark rates for corporations, auditing firms and accounting professionals

OANDA has five offices worldwide, in Chicago, London, Singapore, Tokyo, and
Toronto. OANDA is fully regulated by the U.S. Commodity Futures Trading
Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary
Authority of Singapore (MAS), the Investment Industry Regulatory Organization
of Canada (IIROC), the UK Financial Conduct Authority (FCA), and the Japanese
Financial Services Agency (FSA).

Western Union Business Solutions

Western Union Business Solutions enables companies of all sizes to send and
receive international payments and manage global cash flow, creating unique
solutions tailored to suit their individual needs. It is a business unit of
The Western Union Company (NYSE: WU), a leading nonbank provider of cross
border payments. Clients are supported by a network of trading offices,
strategic banking relationships and a global clearing network and can send
cross-border foreign exchange payments in more than 130 currencies.

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Aspectus PR
Sean Mogle (US) / Tim Focas (UK)
+1-646-202-9843 (US) / +44 (0) 207 242 8867
sean.mogle@aspectuspr.com / tim.focas@aspectuspr.com
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