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.
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British multinational merges Currency Fair in strategic investment
Standard Chartered said the merger will increase employee numbers from 85 to 160 immediately with job numbers reaching 450 over the next four years.
E-commerce has surged with the rise of online shopping as a result of the shutdown of retail due to Covid-19. Picture: Nick Ansell/PA Wire
Wed, 07 Apr, 2021 - 09:22
Ciarán Sunderland
An Irish Fintech company has announced new investment from Standard Chartered, a British multinational financial services company.
SC ventures, the fintech investment unit of Standard Chartered is merging Dublin based Currency Fair with Assembly Payments as part of its expansion into the rapidly-growing payments industry.