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Discover global trends, inspiring customer stories, and how to make the most of your international money transfers.

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<p><img src="https://content.mtfxgroup.com/uploads/Hero_Image_4_25fd088f75.jpg" alt="Buying a business in the US for Canadians"></p><p><strong>When buying a business in the USA as a Canadian, a local foreign exchange specialist like MTFX can help you save on international business money transfers.</strong>&nbsp;</p><h3>Key Takeaways&nbsp;</h3><ul><li>Buying an existing business in the USA is possible as long as you secure the appropriate immigration status.&nbsp;</li><li>Canadian citizens have two options for buying a ready-made U.S.-based business. They can apply for an E2 visa or the EB-5 Immigrant Investor Program.&nbsp;&nbsp;</li><li>Buying a business in the USA as a Canadian comes with particular challenges, such as foreign exchange risks and expensive overseas transfer fees. It's best to avoid using your bank and work with a specialist provider instead.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;</li></ul><p>The U.S. is open to business, especially to Canadian citizens, who are the equivalent of next-door neighbors. For global-minded business owners, and from a Canadian standpoint, there are several advantages to purchasing an existing business in the U.S.&nbsp;&nbsp;</p><p>Such a business usually has an already established brand, existing clients, and a tried-and-tested supply chain. In addition, the U.S. is a complete package because of its thriving economy, advanced technology and infrastructure, tax benefits and government incentives.&nbsp;&nbsp;</p><p>Additional benefits include new markets, a quality workforce, lifestyle benefits, and no communication or cultural barriers.&nbsp;&nbsp;</p><p>That said, optimizing your bottom line is still essential even when making corporate acquisitions in America's lucrative business climate. For example, exchange rate fluctuations can affect your transactions and need to be managed.&nbsp;&nbsp;</p><p>Here's what you need to know about successfully buying a U.S. business as a Canadian.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;</p><h2>Five Steps to Buying a Business in the U.S. as a Canadian&nbsp;</h2><p>Buying a business in the U.S. as a Canadian comes with many variables, but there are basic steps any firm can follow.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;</p><h3>Step 1: Explore the Best States to Buy a Business in the U.S.&nbsp;</h3><p>Corporate acquisitions in the U.S. are appealing because of business-friendly laws and regulations. Some of the best states to buy a business in the U.S. include:&nbsp;</p><ul><li><strong>California¹. </strong>The Golden State has the largest state economy and GDP among U.S. states.&nbsp;</li><li><strong>Texas² – </strong>The Lone Star State is one of the least expensive states to run a business and has friendly corporate tax laws.&nbsp;</li><li><strong>Colorado³ - </strong>The Centennial State, or "Colorful Colorado", offers a business-friendly environment and a thriving entrepreneurial community.&nbsp;</li><li><strong>Florida⁴ – </strong>Buying a business in the Sunshine State comes with tax benefits and a robust labor force.&nbsp;</li><li><strong>North Carolina⁵ – </strong>The Tar Heel State has low corporate and property tax rates and a favorable business climate.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;</li></ul><p>There are 50 states in America plus Washington, DC, so there are plenty of options. In addition, there are many factors to consider when choosing which state to register your business in. The list includes tax laws, business regulations, workforce, cost of doing business, infrastructure, and access to capital.&nbsp;</p><h3>Step 2. Secure the Right Immigration Status&nbsp;</h3><p>Buying a business in America doesn't entitle you to work or live in the country, so you need to obtain a separate visa. The two popular visa and green card options for Canadians buying a business in the U.S. are the E-2 treaty investor visa and the EB-5 green card.&nbsp;</p><ul><li><strong>E-2 visa. </strong>Canada has signed an E-2 treaty with the U.S. You need to make a substantial investment in a U.S.-based business to obtain this visa. E-2 visas are renewable every five years and expire if you terminate the business.&nbsp;</li><li><strong>EB-5 green card. </strong>The EB-5 Immigrant Investor Program requires a more substantial investment, but you'll be eligible to apply for a Green Card (permanent residence).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;</li></ul><h3>Step 3: Do your Research about Investing in the U.S. as a Canadian&nbsp;</h3><p>Any corporate acquisition requires intensive research, especially for cross-border deals where you may be unfamiliar with the target company's country.&nbsp;&nbsp;</p><p>Areas to focus on include laws and regulations, market potential, how the buying process works, the best way to manage the business, whether you want a limited liability company (LLC) or a corporation, and more.&nbsp; The good news is that the internet helps you make an informed decision as a foreigner buying a business in the U.S.&nbsp;</p><h3>Step 4: Work with Reputable Experts&nbsp;</h3><p>It's essential to work with reputable experts to minimize risks to your capital investment. For example, experienced business and immigration lawyers can help you find the perfect ready-made business in the United States that suits your requirements.&nbsp;&nbsp;</p><p>They can also provide legal support when it comes to buying and auditing the business, applying for the right immigration visa program, and making sure your business is compliant. You may also benefit from professional assistance from an experienced accountant, real estate broker, and tax attorney.&nbsp;</p><h3>Step 5: Find the Best Currency Exchange Service&nbsp;</h3><p>When buying a business in America while in Canada, some elements, such as making international payments, can be complicated. The best way to simplify overseas transfers is to use a specialist <a target="_blank"  href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international payments</a> provider, such as <a target="_blank"  href="https://www.mtfxgroup.com/">MTFX</a>.&nbsp;&nbsp;</p><p>This is a more affordable option compared to making international transfers through business bank accounts, and it also comes with many value-added services.&nbsp;</p><div class="raw-html-embed"><style>
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</script></div><p><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=Buying-a-Business-In-The-US-As-a-Canadian"><img src="https://content.mtfxgroup.com/uploads/CTA_1_Buy_a_Business_in_USA_May_23_2023_f047b66b4d.jpg" alt="Buying a business in the US Foreign Exchange"></a></p><h2>How MTFX can help Canadians Buy U.S. Businesses?</h2><p>Are you looking to buy a business in America as a Canadian citizen? Do you need to <a target="_blank"  href="https://www.mtfxgroup.com/post/how-to-convert-your-canadian-dollars-to-us-dollars/">convert Canadian dollars to U.S. dollars</a> for your business?&nbsp;</p><p>MTFX can make it worth your while with competitive exchange rates, low transfer fees, expert foreign exchange tools, and personalized currency exchange guidance.&nbsp;</p><h3>Competitive Exchange Rates and Low Transfer Fees&nbsp;</h3><p>Buying a business in the U.S. as a Canadian requires you to send large sums of money across the border, and it's crucial to reduce the pressure on your bottom line.&nbsp;&nbsp;</p><p>As a specialist provider, MTFX offers <a target="_blank"  href="https://www.mtfxgroup.com/tools/live-exchange-rates/">competitive exchange rates</a> and significantly lower fees. Specialist providers are often the cheapest way to make international business money transfers because they use a high-volume, low-margin approach.&nbsp;</p><h3>Risk Management Solutions&nbsp;</h3><p>Foreign acquisitions have risks, such as fluctuations in the <a target="_blank"  href="https://www.mtfxgroup.com/tools/currency-charts/?to=USD&amp;from=CAD">CAD/USD</a> exchange rate. Buying a company in the U.S. as a Canadian takes time. The exchange rate may be favorable today, but there's no guarantee it will stay so by the time you're ready to close. &nbsp;</p><p>MTFX can help you mitigate exchange-rate risk and improve budget certainty with tools like <a target="_blank"  href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">forward contracts</a> and market orders that track, target, and even lock in your desired exchange rate.&nbsp;</p><h3>Expert Guidance from Currency Exchange Specialists&nbsp;</h3><p>We have dedicated currency specialists to provide guidance on the currency market, share trends in the CAD - USD exchange rate, and give insight into how new developments affect your business. By skipping the bank, you can enjoy simple and easy business money transfers.&nbsp;</p><p>MTFX offers reliable and trusted currency exchange services for Canadians looking to buy a business in America.&nbsp;&nbsp;</p><p>With MTFX, you benefit from competitive exchange rates, low transfer fees, personalized guidance from dedicated currency specialists, and a range of tools for making business international money transfers and other payments online via our secure platform.&nbsp;</p><p><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=Buying-a-Business-In-The-US-As-a-Canadian"><i><strong>Open an account today</strong></i></a><i><strong> with MTFX to save on foreign exchange costs when buying a business in the U.S. as a Canadian.</strong></i>&nbsp;</p><p>&nbsp;</p><h2 style="text-align:center;">Frequently Asked Questions (FAQs)&nbsp;</h2><h3>&nbsp;</h3><h3>Can a Canadian citizen buy a business in the USA?&nbsp;</h3><p>Yes. Canadian businesses have the advantage of strong economic ties between Canada and the U.S., as exemplified by the United States-Mexico-Canada Agreement (USMCA⁶), which was preceded by The North American Free Trade Agreement (NAFTA).&nbsp;</p><h3>Can I get a visa if I buy a business in the USA?&nbsp;</h3><p>Yes. The two main options are the E-2 and the EB-5 Visa. The E2 visa is a temporary visa which expires after a defined number of years. The EB-5 visa is a permanent visa which requires a more substantial investment and leads to a green card.&nbsp;</p><h3>Can Canadian businesses do business in the U.S.?&nbsp;</h3><p>You can live, work, and do business in the USA as long as you obtain the appropriate immigration status.&nbsp;</p><h3>How can MTFX help with buying a business in the U.S.?&nbsp;</h3><p>MTFX offers safe and secure currency exchange services and a cost-effective way to exchange CAD for USD and make international business payments. We're regulated by FINTRAC and have specialized in F.X. and global payments for over 25 years.</p><p><strong>Popular Related Articles:</strong>&nbsp;</p><ul><li><a target="_blank"  href="https://www.mtfxgroup.com/post/how-exchange-rates-can-affect-your-business/">How Exchange Rates Can Affect your Business</a>&nbsp;</li><li><a target="_blank"  href="https://www.mtfxgroup.com/post/tips-to-paying-suppliers-in-usd/">Tips to Paying Suppliers in USD</a>&nbsp;</li><li><a target="_blank"  href="https://www.mtfxgroup.com/post/how-to-convert-your-canadian-dollars-to-us-dollars/">How to Convert your Canadian Dollars to U.S. Dollars?</a></li><li><a target="_blank"  href="https://www.mtfxgroup.com/post/a-brief-guide-for-canadians-buying-property-in-florida/">A Brief Guide for Canadians Buying Property in Florida</a></li><li><a target="_blank"  href="https://www.mtfxgroup.com/post/7-reasons-to-use-a-currency-specialist-to-send-money-abroad/">7 Reasons to Use a Currency Specialist to Send Money Abroad</a></li></ul><h4>Sources</h4><ol><li><a target="_blank"  href="https://business.ca.gov/advantages/international-trade-and-investment/">International Trade And Investment</a></li><li><a target="_blank"  href="https://gov.texas.gov/business/page/why-texas">Why Texas?</a></li><li><a target="_blank"  href="https://www.forbes.com/advisor/business/best-states-to-start-a-business/">The Best States To Start a Business In 2023</a></li><li><a target="_blank"  href="https://blog.hubspot.com/the-hustle/best-states-start-business?__hstc=210973770.41911497a3c249535f3577a9da9dc399.1638776622183.1685620059270.1685630510209.1960&amp;__hssc=210973770.3.1685630510209&amp;__hsfp=4266800218">Best and Worst States To Start a Business In</a></li><li><a target="_blank"  href="https://www.commerce.nc.gov/grants-incentives/tax-other-cost-savings">TAX and other cost saving</a></li><li><a target="_blank"  href="https://www.investopedia.com/usmca-4582387">USMCA: Definition, Purpose, Major Provisions, Vs. NAFTA</a></li></ol>

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Buying a Business in the U.S. as a Canadian

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Currency Exchange and International Payment Solutions for the Travel Industry

<p><img src="https://content.mtfxgroup.com/uploads/New_Concept_Hero_Image_1_Send_Money_to_Norway_5f82e7fb16.jpg" alt="Send money to Norway from Canada "></p><p style="text-align:justify;"><strong>Save money on every international transaction when you send money from Canada to Norway by opting for a currency specialist instead of your bank. The trick is to use a currency specialist instead of your bank.</strong></p><p style="text-align:justify;"><strong>Fun fact:</strong> Norway is one of the few countries where Canadians can study for free or almost free. Living life as an international student in Norway is one of the many reasons to send money from Canada to Norway.</p><p style="text-align:justify;">Given Norway’s thriving export and real estate economy, here are even more reasons for wire transfers to Norway, including buying property and paying Norwegian suppliers. You could also simply wish to send money home to loved ones.&nbsp;&nbsp;</p><p style="text-align:justify;">In any case, the first step is finding the right <a target="_blank"  href="https://www.mtfxgroup.com/">currency exchange service</a>. This article explains how to transfer money to Norway in the simplest and most cost-effective way.</p><h2>Best Way to Send Money to Norway</h2><p style="text-align:justify;">The most common ways to transfer money to Norway are:&nbsp;&nbsp;</p><ul><li style="text-align:justify;">Banks/credit unions</li><li style="text-align:justify;">Cash transfer service</li><li style="text-align:justify;">International payments specialists&nbsp;<br>&nbsp;</li></ul><p style="text-align:justify;">While it looks like you’re spoilt for choice, it’s essential to narrow down your options if you’re interested in cost-effectiveness, convenience, and speedy transfers. You may be familiar with your bank, but banks are usually not the most budget-friendly or time-efficient option.&nbsp;&nbsp;</p><p style="text-align:justify;">Similarly, using a cash transfer service can be a major inconvenience because the money must be deposited and collected in person. It’s also typically expensive and is better left as a method of last resort.&nbsp;&nbsp;</p><p style="text-align:justify;">The best option is to use a specialist <a target="_blank"  href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international payments</a> provider that offers maximum value for your money with <a target="_blank"  href="https://www.mtfxgroup.com/#mtfxvsbank">competitive exchange rates</a> and low transfer fees. You have 24/7 access to a secure online platform, <a target="_blank"  href="https://www.mtfxgroup.com/tools/economic-calendar/">foreign exchange tools</a>, and expert help to enhance your international money transfer experience.</p><h2>How Much Does It Cost when Sending Money to Norway?</h2><p style="text-align:justify;">It’s essential to protect your pockets whether you transfer money to Norwegian bank account or service provider. That means understanding the costs involved and finding the most cost-effective way to send money abroad. Generally, the cost of sending money internationally boils down to the following:</p><ul><li style="text-align:justify;"><strong>Exchange rates.</strong> You’ll need to convert your Canadian dollars to the Norwegian Krone. The more competitive the rate, the more you save during the conversion. By using a specialist service like MTFX that offers <a target="_blank"  href="https://www.mtfxgroup.com/#mtfxvsbank">bank-beating rates (3-5% lower)</a>, the cost of international money transfers is significantly reduced. For example, you can save up to $1,500 when you transfer $30,000.&nbsp;<br>&nbsp;</li><li style="text-align:justify;"><strong>Transfer fees.</strong> You can also avoid the expensive transfer fees charged by banks when you opt for the lower transfer fees offered by a specialist service.&nbsp;<br>&nbsp;</li><li style="text-align:justify;"><strong>Hidden charges.</strong> Make sure you have total visibility over your international payments with access to a secure online platform, such as the one offered by <a target="_blank"  href="https://www.mtfxgroup.com/">MTFX</a>. You can easily track your payments and know where you stand cost-wise.&nbsp;<br>&nbsp;</li></ul><p style="text-align:justify;">If you’re sending money to Norway online, the Canadian Dollar to Norwegian Krone exchange rate matters. So, before you initiate the transfer, check the CAD/NOK exchange rate in real-time with MTFX’s <a target="_blank"  href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/">rate calculator</a>.</p><h2>What Do I Need to Send Money to Norway?</h2><p style="text-align:justify;">When making an international money transfer to Norway, you need to have the following information on hand:&nbsp;</p><ul><li style="text-align:justify;">Beneficiary name&nbsp;</li><li style="text-align:justify;">Beneficiary account number</li><li style="text-align:justify;">Beneficiary address&nbsp;</li><li style="text-align:justify;">Bank name</li><li style="text-align:justify;">Bank address</li><li style="text-align:justify;">Bank Swift code</li><li style="text-align:justify;">Reason for your transfer&nbsp;<br>&nbsp;</li></ul><h2>How Long Does It Take to Transfer Money to Norway?&nbsp;&nbsp;</h2><p style="text-align:justify;">Using a specialist FX service like MTFX is your best bet if you’re looking to send money overseas quickly and securely. Whenever you initiate a transfer, MTFX will tap into its network of Norwegian banking partners so your beneficiary can receive the money within 24-48 hours.&nbsp; &nbsp;</p><p style="text-align:justify;">MTFX also offers same-day and almost-instant transfers for those times when time is of the utmost essence. It also helps that setting up an <a target="_blank"  href="https://www.mtfxgroup.com/">MTFX</a> account takes just a few minutes, and you can transfer money internationally by pressing a few buttons.</p><p><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=How-to-send-money-to-norway-from-Canada"><img src="https://content.mtfxgroup.com/uploads/send_money_to_norway_cta_ac0a7af002.jpg" alt="Looking to send money to Norway?"></a></p><h2>Can I Set Up a Regular Money Transfer to Norway?</h2><p style="text-align:justify;">If you have a long-term financial connection to Norway, setting up regular money transfers can make life easier. Perhaps you want to transfer your pension payments to a Norwegian bank account, pay suppliers and salaries or receive money for everyday living costs abroad.&nbsp;&nbsp;&nbsp;</p><p style="text-align:justify;">Whatever the reason, you can log in to your MTFX account and set up automated online payments according to your schedule and preferences. It’s a hands-free and incredibly convenient way to make <a target="_blank"  href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international payments</a>. You can still enjoy all the benefits, such as on-time payments and reduced admin.&nbsp;</p><h2>Send Money to Norway Today</h2><p style="text-align:justify;">Sending money to Norway Bank doesn’t have to be expensive or complicated. With MTFX, you can access competitive exchange rates, low transfer fees, FX tools and support from FX specialists.&nbsp; &nbsp;</p><p style="text-align:justify;">That means you can make the most of your money, enjoy a personalized international money transfer experience and the ease of making payments with the click of a button.</p><p style="text-align:justify;"><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=Send-Money-to-Norway"><i><strong>Register an account</strong></i></a><i><strong> today to send currency overseas via MTFX.</strong></i></p><p style="text-align:justify;"><strong>Popular related articles;</strong></p><ul><li style="text-align:justify;"><a target="_blank"  href="https://www.mtfxgroup.com/post/send-money-to-sweden/">Send Money to Sweden</a></li><li style="text-align:justify;"><a target="_blank"  href="https://www.mtfxgroup.com/post/send-money-to-denmark/">Send Money to Denmark</a></li><li style="text-align:justify;"><a target="_blank"  href="https://www.mtfxgroup.com/post/send-money-to-england/">Send Money to England</a></li><li style="text-align:justify;"><a target="_blank"  href="https://www.mtfxgroup.com/post/send-money-to-germany/"><u>Send Money to Germany</u></a></li></ul>

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How to Send Money to Norway from Canada?

Blog & Press Room

<p><img src="https://content.mtfxgroup.com/uploads/tarvel_press_release_hero_image_1_293724c96c_b5d53ef463.jpg" alt="Press Release for Travel Industry"></p><p style="text-align:justify;"><strong>[Markham, Ontario] -</strong> As the travel industry expands globally, managing <a target="_blank"  href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international payments</a> has become a critical aspect of business operations. Travel companies need to ensure that they can manage foreign exchange transactions effectively, provide competitive exchange rates to customers, and maintain smooth business relationships with suppliers and partners around the world. To address these challenges, <a target="_blank"  href="https://www.mtfxgroup.com/">MTFX</a>, a leading foreign exchange, and global payments provider, offers innovative solutions designed to optimize payment processes and reduce costs for travel businesses.</p><h3>Types of International Payments in the Travel Industry</h3><p style="text-align:justify;">The travel industry makes a variety of <a target="_blank"  href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international payments</a>, including hotel accommodation payments, airline ticket payments, transportation payments, tour package payments, travel insurance payments, currency exchange payments, destination services payments, visa processing payments, conference and event payments, and travel agent commission payments. Managing these transactions requires careful attention to detail and expertise in handling foreign exchange and currency-related risks.</p><h3>Impact of Foreign Exchange on International Payments in the Travel Industry</h3><p style="text-align:justify;">Fluctuations in exchange rates can have a significant impact on the cost of travel and the profitability of travel businesses. Currency conversion costs, payment timing, foreign transaction fees, profit margins, and financial risk are some of the key factors affected by foreign exchange. As a result, travel businesses need to find cost-effective solutions for managing their international payment processes.</p><h3>Beyond Banks: Why Specialized Payment Providers are a Better Option</h3><p style="text-align:justify;">While traditional banks have been the go-to option for travel companies for many years, specialized payment providers like MTFX offer a more cost-effective and efficient solution. By offering <a target="_blank"  href="https://www.mtfxgroup.com/tools/live-exchange-rates/">competitive exchange rates</a>, low conversion fees, fast and efficient payment processing, dedicated currency specialists, and robust security measures, MTFX can help travel businesses optimize their payment processes and maximize their bottom line.</p><h3>Benefits of Using MTFX for the Travel Industry's International Payment Needs</h3><p style="text-align:justify;">MTFX offers a range of benefits that can help travel businesses manage their international payment needs effectively. These benefits include highly competitive exchange rates, low conversion fees, fast and efficient payment processing, access to dedicated currency specialists, and robust security measures. By leveraging these benefits, travel businesses can reduce their transaction costs, streamline their payment processes, and focus on providing high-quality travel experiences to their customers.</p><p style="text-align:justify;">"At MTFX, we understand the challenges that travel businesses face in managing their international payment processes," said Vice President of Foreign Exchange, Ash Abbasi. "That's why we offer innovative solutions designed to optimize payment processes and reduce costs, allowing travel businesses to focus on what they do best - providing seamless and positive travel experiences to their customers."</p><h3>About MTFX Inc.</h3><p style="text-align:justify;">MTFX is a leading foreign exchange and global payments provider that offers innovative solutions for managing international payment processes. With highly competitive exchange rates, low conversion fees, fast payment processing, access to dedicated currency specialists, and robust security measures, MTFX provides travel businesses with reliable and efficient solutions for international payments, optimizing their payment process and enhancing their overall operational efficiency.</p><p style="text-align:justify;"><strong>Media contacts:</strong></p><p style="text-align:justify;">Ash Abbasi&nbsp;&nbsp;<br>905 305 7894&nbsp;&nbsp;<br><a target="_blank"  href="mailto:ash.abbasi@mtfxgroup.com">Email here</a></p><h4>Connect with MTFX On Social Media</h4><ul><li style="text-align:justify;"><a target="_blank"  href="https://www.facebook.com/MTFXLIVE/"><strong>Facebook</strong></a></li><li style="text-align:justify;"><a target="_blank"  href="https://twitter.com/MTFXLIVE"><strong>Twitter</strong></a></li><li style="text-align:justify;"><a target="_blank"  href="https://ca.linkedin.com/company/mtfx-inc"><strong>LinkedIn</strong></a></li></ul>

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Managing International Payments in the Travel Industry: MTFX Offers Innovative Solutions for Streamlined and Cost-Effective Transactions

<p><img src="https://content.mtfxgroup.com/uploads/press_release_money_transfer_operator_mtfx_wins_price_war_with_banks_and_lowers_customers_costs_105a4a35b7.jpg" alt="press-release-money-transfer-operator-mtfx-wins-price-war-with-banks-and-lowers-customers-costs.jpg" srcset="https://content.mtfxgroup.com/uploads/thumbnail_press_release_money_transfer_operator_mtfx_wins_price_war_with_banks_and_lowers_customers_costs_105a4a35b7.jpg 245w,https://content.mtfxgroup.com/uploads/small_press_release_money_transfer_operator_mtfx_wins_price_war_with_banks_and_lowers_customers_costs_105a4a35b7.jpg 500w,https://content.mtfxgroup.com/uploads/medium_press_release_money_transfer_operator_mtfx_wins_price_war_with_banks_and_lowers_customers_costs_105a4a35b7.jpg 750w,https://content.mtfxgroup.com/uploads/large_press_release_money_transfer_operator_mtfx_wins_price_war_with_banks_and_lowers_customers_costs_105a4a35b7.jpg 1000w," sizes="100vw"></p><p><i><strong>Invisible price war produces tangible savings for customers in Canada’s international money transfer market</strong></i><strong>.</strong></p><p><strong>MARKHAM, ON, CANADA, March 27, 2023</strong> — <a target="_blank"  href="https://www.mtfxgroup.com/">MTFX</a>, a foreign exchange specialist, is waging war on expensive international bank transfer fees. MTFX has emerged as a powerful contender in the battle of the cheapest way to <a target="_blank"  href="https://www.mtfxgroup.com/transfer-money/">send money abroad</a> from Canada. The service provider focuses solely on international payments via a purely digital platform and uses economies of scale to operate on thin margins. This point of differentiation enables MTFX’s customers to enjoy low transfer fees and <a target="_blank"  href="https://www.mtfxgroup.com/#mtfxvsbanks">competitive exchange rates</a> that are typically 3-5% lower than the banks.</p><p>“We live in an increasingly global world, and now more than ever, individuals and businesses are looking for a cheaper way to send money abroad,” said Sabrina Savji, VP of MTFX. “It used to be that banks were the only main players in the market. So, they took liberties to charge the highest prices. Banks are still the most expensive remittance providers, but at least our customers can now bypass the exchange rate markups and hidden charges.”</p><p>Michael S. Watt, FX specialist of MTFX, commented, “We differentiate ourselves from banks through low, transparent fees and <a target="_blank"  href="https://www.mtfxgroup.com/tools/live-exchange-rates/">mid-market exchange rates</a>, which are very attractive to our customers. MTFX is not only competing on price with banks, but we are also competing on value. It’s a good feeling to win on both counts.”</p><p>Comparison savings based on a single transfer of CAD $30,000 to USD indicate that customers can save hundreds of dollars more by using MTFX vs. the Bank. These <a target="_blank"  href="https://www.mtfxgroup.com/#mtfxvsbanks">bank-beating rates</a> are accompanied by transparent pricing and reliable services to gain customer trust. In addition, MTFX’s use of proprietary technology makes it easier to lower costs and caters to a growing pool of savvy Canadians who favour electronic remittances. By taking this approach, MTFX is able to align its objectives with the Government of Canada, which has expressed its commitment to lower the costs associated with overseas money transfers and allow safer, more efficient, and more reliable money transfers from Canada.</p><p>“We want to keep strengthening the trend towards fairer and transparent foreign exchange costs,” continued Sabrina Savji. “I believe that this sort of healthy competition leads to a more positive experience for customers navigating the international money transfer market. We are proud of our reputation as an online money transfer disruptor.”</p><h3>About MTFX Inc.</h3><p>MTFX is a specialist provider of foreign exchange services and global payments solutions with over 25 years of expertise in the <a target="_blank"  href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international money transfer</a> market. As a currency specialist, MTFX has reinforced its foothold in an evolving market with attractive FX costs and value-added services. These features are sorely lacking in many diversified remittance providers like banks. MTFX has its global headquarters in Ontario, Canada, and offers innovative tools, such as <a target="_blank"  href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">forward contracts</a> to further lower costs for customers. Learn more about MTFX at <a target="_blank"  href="https://www.mtfxgroup.com/">mtfxgroup.com</a>.</p><p><strong>Media contacts:&nbsp;</strong></p><p>Niki Ho<br>(905) 305-4144<br><a target="_blank"  href="mailto:customersuccess@mtfxgroup.com"><strong>Email us here</strong></a>.</p><h4><strong>Connect with MTFX On Social Media</strong></h4><ul><li><a target="_blank"  href="https://www.facebook.com/MTFXLIVE/"><strong>Facebook</strong></a></li><li><a target="_blank"  href="https://twitter.com/MTFXLIVE"><strong>Twitter</strong></a></li><li><a target="_blank"  href="https://ca.linkedin.com/company/mtfx-inc"><strong>LinkedIn</strong></a></li></ul>

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Money Transfer Operator, MTFX, Wins Price War With Banks and Lowers Customers’ Costs

<p><img src="https://content.mtfxgroup.com/uploads/excellence_award_post2_53fd134857.jpg" alt="excellence-award-post2.jpg" srcset="https://content.mtfxgroup.com/uploads/thumbnail_excellence_award_post2_53fd134857.jpg 245w,https://content.mtfxgroup.com/uploads/small_excellence_award_post2_53fd134857.jpg 500w,https://content.mtfxgroup.com/uploads/medium_excellence_award_post2_53fd134857.jpg 750w,https://content.mtfxgroup.com/uploads/large_excellence_award_post2_53fd134857.jpg 1000w," sizes="100vw"></p><p><i><strong>Premier Business Association, The Markham Board Of Trade, Recognizes MTFX for superior customer service for this year's awards.</strong></i></p><p><strong>MARKHAM, ON, CANADA, November 29, 2022</strong> — <a target="_blank"  href="https://www.mtfxgroup.com/">MTFX</a> recently crossed a significant milestone after receiving a prestigious business excellence award for high quality and service. The esteemed recognition came from the Markham Board of Trade (MBT), Markham's premier business association when it announced recipients of the 32nd annual Business Excellence Awards.</p><p>"Congratulations to the 2022 High Quality and Service award recipient, MTFX. Inc," said the Association in a recently released video and on Twitter. "Founded over 25 years ago, foreign exchange provider, MTFX's solid foundation rests on two simple business practices – fantastic value on every transaction and superior customer service," the Association elaborated. The Markham Board of Trade further highlighted MTFX's dedication to putting clients first, always.</p><p>The Business Excellence Awards in the City of Markham represent a heartfelt recognition that honours deserving businesses and entrepreneurs for their passion and innovation. In particular, the High Quality and Service award showcases MTFX's everlasting commitment to retaining customer loyalty while evolving its ambitious business model. There are several brains behind the purely digital money transfer operator.</p><p>Sabrina Savji is the VP of Corporate Foreign Exchange at MTFX, a position she recently acquired in February 2022. "This year, I will be heading into my 4th year working with MTFX. Over the years, I have stepped outside my comfort zone, and I'm ready to tackle new challenges," she said at that time. A few months down the line, Sabrina's impressive entrepreneurial spirit finally paid off. As a foreign exchange and global payments specialist with years of experience, Sabrina Savji continues helping MTFX strengthen its brand value and win loyalty and trust from customers through transparent and reliable service.</p><p>Similarly, Arif Harji, Chief Market Strategist at MTFX, brings a diverse assortment of specialties to the table, including fintech, foreign exchange, business transformation, sales leadership, and business development. With over 20 years under his belt, Arif epitomises excellent customer service. "As the Chief Market Strategist at MTFX, I focus on developing FX risk management and cash management strategies for corporate clients," said Arif Harji. "I work directly and successfully with clients to manage currency risks, thanks to my extensive experience in the industry."</p><p>MTFX comprises several other carefully appointed and talented individuals that have transformed the service into a huge attractor for accolades, like the Markham Board Of Trade's High Quality and Service Award. Learn more about this award <a target="_blank"  href="https://www.youtube.com/watch?v=IeTyqo5FsMU">here</a>.</p><h3><strong>About MTFX Inc.</strong></h3><p>MTFX's leading online platform for <a target="_blank"  href="https://www.mtfxgroup.com/tools/live-exchange-rates/">foreign exchange</a> and <a target="_blank"  href="https://www.mtfxgroup.com/transfer-money/">international payments</a> simplifies the process of sending money abroad. Founded over 25 years ago, MTFX has scaled up sharply in time to meet the growing demand for reliable and <a target="_blank"  href="https://www.mtfxgroup.com/#mtfxvsbank">cost-effective</a> cross-border transactions. Today, MTFX is a key player in the international money transfer market, differentiated by innovative, value-added services and competitive rates. MTFX has its global headquarters in Canada and offices in the United States. For more information, visit: <a target="_blank"  href="https://www.mtfxgroup.com/">www.mtfxgroup.com</a>.</p><p><strong>Media contacts:&nbsp;</strong></p><p>Niki Ho<br>(905) 305-4144<br><a target="_blank"  href="mailto:customersuccess@mtfxgroup.com"><strong>Email us here</strong></a>.</p><h4><strong>Connect with MTFX On Social Media</strong></h4><ul><li><a target="_blank"  href="https://www.facebook.com/MTFXLIVE/"><strong>Facebook</strong></a></li><li><a target="_blank"  href="https://twitter.com/MTFXLIVE"><strong>Twitter</strong></a></li><li><a target="_blank"  href="https://ca.linkedin.com/company/mtfx-inc"><strong>LinkedIn</strong></a></li></ul>

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MTFX Inc. Wins 2022 Prestigious Business Excellence Award For High Quality & Service