USForex Launches Customized Exchange Platform in U.S. Market

Travelex, ING Direct, Macquarie Private Wealth, and Other Leading Institutions Leverage USForex’s Customized Exchange Platform to Streamline Global Financial Transactions

SAN FRANCISCO--(BUSINESS WIRE)--USForex, one of the world’s fastest-growing, technology-driven foreign exchange providers, today announced the launch of the company’s customized exchange platform for the U.S. market. The platform allows clients of financial institutions to seamlessly make international foreign payments and money transfers on USForex’s advanced online payments system. USForex is a subsidiary of Sydney-based OzForex Group.

“USForex serves as a valuable conduit to new and existing clients in North America and we are excited to work alongside them and the Ozforex team.”

Travelex, ING Direct, and Macquarie Private Wealth have all been early adopters of the OZForex Group’s exchange platforms in foreign markets. The platform powers their account-to-account foreign exchange payments service which allows their clients to seamlessly make international foreign payments and money transfers on OZForex’s advanced online payments systems.

Building upon OZforex’s platform, USForex’s customized online foreign exchange payments service provides clients with around-the-clock customer service supported by a mobile trading site. It also provides iPhone and Android mobile applications that enable customers to check rates, access market commentary and log into the mobile trading site.

“Our current success in incorporating OZforex’s platform for our clients provided us with the necessary proof points to expand our service in North America,” said Eric Schimpf, head of Macquarie Private Wealth. “USForex serves as a valuable conduit to new and existing clients in North America and we are excited to work alongside them and the Ozforex team.”

“We’re pleased to partner with leading financial institutions to power their online foreign exchange payment services as we continue to expand our presence in the U.S. market,” said Michael Ward, CEO, North America and Europe for USForex. “The launch of the platform and these strategic partnerships cap a strong year of growth and international expansion for us and the Ozforex Group. The strong initial feedback we have received from our clients further validates the power of our payments platform, and the strength of our global customer service and operational model.”

About USForex

USForex is a wholly-owned subsidiary of OzForex, a strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group, and original co-founders Matt Gilmour and Gary Lord. USForex is part of the OzForex Group which includes UKForex, CanadianForex, OzForex, NZForex and Tranzfers. Since its launch in 1998 by Matt Gilmour, the Group has grown to be one of the world's largest online foreign exchange companies. The Company's client base includes small and medium-sized importers and exporters, as well as individuals who transfer financial assets, have recurring payments overseas, and those investing abroad. The USForex Board of Directors is made up of executives with significant experience in foreign exchange and the financial markets.