Cross-Border Payments Provider CurrencyFair to Merge with Assembly Payments after Standard Chartered Investment
CurrencyFair, a cross-border payments solution provider, and
Assembly Payments, whose platform aims to fully automate complex payment workflows, recently revealed that they’ve merged operations as part of a strategic investment from
Standard Chartered (which is subject to shareholder approval and regulatory clearance).
As noted by its management, CurrencyFair is a rapidly growing international payments firm, including a “unique” peer-to-peer FX marketplace, “at the forefront of the migration of international transaction payment services online.”
CurrencyFair aims to be “the most transparent and most competitively priced option for people who care about their money and would like to save on the speed and costs of making international payments compared to other online options and banks,” the company’s management claims.