Oanda Expands into Germany in Partnership with Western Union

Oanda, a global online foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term solution provider to individual customers and corporations, has expanded its operation to Germany in partnership with global payment service provider Western Union. Oanda will be offering a new cross-border money transfer solution to its customers in Germany.

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The services will be offered 24/7 via desktop and mobile application platforms on a real time basis. It will enable customers to transfer money in over 130 currencies between more than 170 countries and territories around the world in minutes. The services will be available to its customers through the firm’s online currency converter.

Speaking about the launch of services in Germany, Mr Vasta Narasimha, OANDA’s CEO, said: "The decision to launch OANDA Money Transfer in Germany was a natural choice, because millions of local consumers already rely on our currency converter to provide accurate foreign exchange rate information. Now, thanks to our alliance with Western Union, consumers and companies in Germany can easily utilise our competitive money transfer solution with the knowledge that they are working with two of the most trusted financial institutions in the industry.”