GAIN Capital to Launch International Money Transfer Business
"Our expansion into the international money transfer space is a natural extension for our business. GAIN was a pioneer in the retail foreign exchange trading market, offering one of the first online FX trading platforms for self-directed retail customers via our award-winning FOREX.com brand," continued Mr. Stevens. "We have a unique advantage in that we have deep knowledge of the foreign exchange market, over 15 years of experience operating a highly regulated business that deals every day with cross border funding and, of course, our expertise in digital marketing and in developing and supporting web-based products and services. We expect to be able to leverage this experience to create a very competitive proposition for ForeignExchange.com."
ForeignExchange.com will serve both retail and business customers with more than 40 currency pairs and over 200 payment destinations. It is expected that the service will save users an average of 60 – 80 percent in fees when compared to typical bank pricing.
The company plans to launch the service in the
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