XE.com and Currency Cloud Partner for Better International Payments

October 30, 2014         By: Daniel Easley

XE.com, the currency site ranked among the top 500 sites in the world, has partnered with Currency Cloud, the international payments company, to develop XE Money Transfers (XEMT).

XEMT is an international payments service that will launch in the UK before the new year. The service is designed to address existing customer pain points in the international money transfer market.

XE conducted a global survey to discover the needs of international payments customers, finding three main pain points. Worldwide customers listed exchange rates (73%), speed of transfers (51%), and transparency of fees (50%) as their biggest issues. In the UK 57 percent of customers listed transparency of fees as their primary concern.

These issues are what led XE to seek out the partnership with Currency Cloud, whose international Payments Engine meshed well with XE’s 20 years of currency experience. The partnership allowed them to leverage the existing value propositions of both companies and create XEMT, a seamless transfer solution for international customers.

The companies share an explicit desire to provide open and trustworthy services, with the needs of their customers coming first.

Steven Dengler, CEO and Co-Founder of XE.com said, “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,” said Mike Laven, CEO, Currency Cloud.  “The integration of the two services resulted in a truly comprehensive platform that brings tremendous value to the overall market and its end-users.”