The Money Cloud Empowers SMEs to Manage Their Foreign Exchange Exposure and Find Secure and Trustworthy Payment Providers
Jul 13, 2021
LONDON - July 13, 2021 - (Newswire.com)
Currency comparison and trading is one of the most crucial parts for a global business, start-ups, and even for individuals. It is exhausting to find the best provider who caters to one's specific requirements. In 2004, The Money Cloud's founders created the world's first international money transfer comparison site and have been enabling SMEs and individuals to compare the services of multiple payment providers ever since.
The platform provides an FX management solution for SMEs, compares forex providers, and helps with the process of intelligently selecting the best payment provider to suit its customer's needs, also allowing users to register and execute trades for cross-border transactions all on a single platform.
The Money Cloud replaces the need to tediously compare foreign exchange rates and provides the convenient option of suggesting the most trustworthy, secure, and affordable options available through the integration of the provider's full international payment services in a single account.
"The biggest problem our customers face is that they have been using banks to send money abroad, so they are charged bigger fees and get smaller exchange rates. The Money Cloud lays out the option for different currency specialists, FX brokers, and other payment institutions, so you can see how much your money is worth in the new currency", says Emmanuel Addy, the co-founder, and CEO.
"We have seen tremendous growth since we started in the money transfer sector 2004, with our services being used by the World Bank, UK government and other organizations. We started to help migrant workers to find an alternative to traditional money transfer services, we still cater to migrant workers, it's still a part of who we are and what we do", Addy adds
Huw Jenkins, co-founder, and CTO quotes - "We operate in a global market, the size of which is supported by the Bank for International Settlements reporting consumer deliverable foreign exchange is estimated to be $1.6 trillion per day. Our global target audience are SMEs, governments, and individuals making international payments, 85% who still use retail banks offering poor exchange rates and charge transaction fees".
The fintech platform has partnered with a select number of FX brokers to offer a full-service experience without leaving the website. One can compare FX brokers, select the one they want to use, and through a simple sign-up process, can securely gather the information to open a trading account with the broker. Also, an FX management dashboard is provided for each new signup that enables one to make additional trades, monitor their historical transactions and register for additional brokers to make further savings.
By simplifying the process of comparing international currencies and the services of various payment providers, The Money Cloud aspires to be a disruptor in the cross-border payments industry.
Press Release Service by Newswire.com
Original Source: The Money Cloud Empowers SMEs to Manage Their Foreign Exchange Exposure and Find Secure and Trustworthy Payment Providers
More News
Who is Karen Spencer? Meet Charles Spencer’s ex-wife as he releases new Princess Diana memoir
Buckingham Palace has forcefully denied a claim by the brother of the late Princess Diana that King Charles III said his ex-wife would soon be forgotten after her death. In a new book, Charles Spencer recounts the traumatic days after Diana was killed in a car crash in Paris in 1997 at the age of 36. He alleges that he argued with his sister’s former husband over palace plans for Prince William and Prince Harry, then aged 15 and 12, to walk behind her coffin during the funeral...
The Gold Standard in Dark Chocolate
Valrhona celebrates 40 years of Guanaja 70% – the leading chocolate brand for discerning tastes The post The Gold Standard in Dark Chocolate appeared first on Business Traveller.
Netflix K-drama The Scandal review: Son Ye-jin, Nana anchor Dangerous Liaisons adaptation
4/5 stars Lead cast: Son Ye-jin, Ji Chang-wook, Nana Les Liaisons Dangereuses (Dangerous Liaisons), an 18th century novel by Pierre Choderlos de Laclos, is an erotically charged tale of aristocrats indulging in illicit games of seduction that may not seem like an ideal fit for a Joseon-era Korean adaptation at first. The period’s patriarchal nature, however, makes it the perfect backdrop for The Scandal, Netflix’s glossy adaptation of the novel starring Son Ye-jin (No Other Choice), Ji...
Forty Years of Stonehill Taylor: Lessons in Leadership and Design
Paul D. Taylor, co-founder of Stonehill Taylor, champions the importance of mentorship and diverse teams. This drive has helped Stonehill Taylor's projects across luxury hospitality and boutique hotels thrive in the design field. The post Forty Years of Stonehill Taylor: Lessons in Leadership and Design appeared first on Business Traveller.
“We Don’t Need to Chase New Destinations”: Turkish Airlines Chairman Looks Beyond Scale
Turkish Airlines already flies almost everywhere. Chairman Murat Şeker tells Business Traveller why the next challenge is not another destination, but deeper frequencies, stronger cabins and smarter, more personal service. The post “We Don’t Need to Chase New Destinations”: Turkish Airlines Chairman Looks Beyond Scale appeared first on Business Traveller.
Delta Plans Record LAX Schedule With New Monterey and Philadelphia Flights
Delta adds Monterey, Philadelphia and more LAX departures, using its terminal advantage to court frequent flyers while rivals face gate constraints. Extra seats, however, still need passengers willing to pay. The post Delta Plans Record LAX Schedule With New Monterey and Philadelphia Flights appeared first on Business Traveller.
I was in my 50s and done having kids. Would it be a deal-breaker for my lifelong bachelor?
I dipped my toe back into dating after my divorce. After 15 years of marriage, I wanted to find my happy ending in Los Angeles.
I Know You're Too Afraid To Admit Your Dream Vacation, So Just Click On 11 Photos, And I'll Reveal It For You!
The answer might surprise you! View Entire Post ›
Where to celebrate Negroni Week 2026 in Hong Kong, September 21–27
Negroni Week returns for its 14th edition, running from September 21 to 27. Launched in 2013 by the US-based Imbibe Magazine, the annual celebration has grown into a worldwide drink-for-a-cause movement. More than US$5 million (HK$39.2 million) has been raised to date, with proceeds supporting the work of the Slow Food global movement. This year marks the programme’s most extensive Asia-Pacific presence yet, with visiting bartenders appearing across 18 venues in mainland China, Hong Kong, Macau,...
'We need space to feel over it': How Kelela became alt-music's ultimate truth teller
Ahead of her back-to-back shows on Sept. 21 and 22 at the Wiltern, the singer discusses dismantling "sonic racism" and revisiting her indie roots on "New Avatar."
How to have the best Sunday in L.A., according to Abigail Spencer
Walking in Griffith Park, Pilates, coffee at Go Get Em Tiger and an evening sound bath are part of this "Best Medicine" star's ideal day.
These European Cities Say They Have Too Many Tourists. Why Are Their Airports Expanding?
Airport expansions in places like Venice, Barcelona and the Spanish island of Mallorca can undermine local efforts to restrain overtourism, and can even enable more tourists to come.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.