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USForex launches customised exchange platform for US market

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USForex, a foreign exchange provider, has launched a customised exchange platform for the US market.

The platform allows clients of financial institutions to make international foreign payments and money transfers on USForex’s online payments system.

USForex is a subsidiary of Sydney-based OzForex Group.

Travelex, ING Direct and Macquarie Private Wealth have all been early adopters of the OZForex Group’s exchange platforms in foreign markets. The platform powers their account-to-account foreign exchange payments service which allows their clients to make international foreign payments and money transfers on OZForex’s online payments systems.

Building upon OZforex’s platform, USForex’s customised online foreign exchange payments service provides clients with around-the-clock customer service supported by a mobile trading site. It also provides iPhone and Android mobile applications that enable customers to check rates, access market commentary and log into the mobile trading site.

“Our current success in incorporating OZforex’s platform for our clients provided us with the necessary proof points to expand our service in North America,” says Earl Evans, head of Macquarie Private Wealth. “USForex serves as a valuable conduit to new and existing clients in North America and we are excited to work alongside them and the Ozforex team.”

“We’re pleased to partner with leading financial institutions to power their online foreign exchange payment services as we continue to expand our presence in the US market,” says Michael Ward, chief executive, North America and Europe for USForex. “The launch of the platform and these strategic partnerships cap a strong year of growth and international expansion for us and the Ozforex Group. The strong initial feedback we have received from our clients further validates the power of our payments platform, and the strength of our global customer service and operational model.”

The Wealth Adviser Awards 2013 for the top wealth manager and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.

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