OANDA formed a new partnership with the leading international payments company, World First (worldfirst.com), in 2013, initially rolling out the new facility in the UK.
After a surge of new business, the decision was made to introduce the same service in North America, Australia and France. With World First's flexible online payments platform OANDA users can now make high-speed international money transfers around the clock.
The service will allow private individuals to make transfers for things like repatriating income, paying for international school fees, making property investments, or for a variety of other reasons. Business users are able to book transfers for importing and exporting goods and services.
Trevor Young, Vice President of Product Development, OANDA Corporation, said:
"Following a hugely successful trial in the UK, we were so impressed with the uptake for our new international payments platform that it made absolute sense to launch the service in the US, Canada, Australia and France.
"We're always looking for new ways to improve our proposition, and the partnership with World First will certainly add considerable value to our customer offer."
"Our Currency Converter is a very popular tool with travellers around the world, and now those users will also have an exceptional international payments solution at their fingertips too."
Chris Russell, CEO at World First USA, said:
"Our online payments platform will give OANDA's clients the capability to make international money transfers 24 hours a day, seven days a week.
"World First has forged an international reputation for great exchange rates and award winning service in the last ten years, a fact which we're very proud of.
"We'll make sure that OANDA users get the same high level support that our own customers have become accustomed to."
Notes to editors:
Founded in the mid-1990s, OANDA uses innovative computer and financial technology to provide web-based foreign exchange trading and currency information services to everyone, from individuals to large corporations, portfolio managers to financial institutions.
World First is one of the fastest growing international payments providers in the world, with offices in Washington DC, London (UK), Sydney (Australia) and Singapore. The company was set up in 2004, by founders Nick Robinson and Jonathan Quin, who met whilst working at Citigroup.