Currencies Direct announces North American expansion

Currencies Direct, the leading international payments provider, has announced plans for further expansion in the US after receiving regulatory approval to operate in New Jersey and Washington.

The move represents a significant expansion for the UK-based payments service, which has seen a 37% growth in turnover year on year in the US. It currently operates in Florida, Georgia and North Carolina.

The organisation launched its flagship US office in 2007 and has been expanding since, capitalising on the significant growth opportunities offered by the US market.

The expansion also comes on the heels of a number of news product launches for Currencies Direct – following the release of its improved batch payments service, which allows organisations to make batch payment runs over 100 times quicker than before, as well as its Developer Platform API, allowing developers from third party organisations access to Currencies Direct’s tech infrastructure.

Neil Cooper, Chief Financial Officer at Currencies Direct Inc. said of the expansion: “We’re thrilled to be able to offer our service to a larger US audience. We’re seeing clear demand among customers and increased volumes of payments to and from the US and Europe.

“We believe that US customers simply don’t have the breadth of choice available to those in Europe – our aim is to fill that gap.”

Hardik Shah, Group Head of Product at Currencies Direct, commented: “With major players recently exiting the marketplace, we see significant opportunity in this expansion and are responding to clear calls from customers, who value our offering of both personalised service and innovative tech-based solutions.”

Author: Yash Hirani

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