With MTFX you gain access to +100 currencies across 140 countries
If you are an importer or exporter who sells your products and services all around the globe, managing a supply chain that encompasses many jurisdictions comes with its challenges. With an ever-evolving economic landscape and having to manage different country regulations, currency transactions, and integrations in various payment schemes, the complexities of running a business in today’s climate is no easy feat.
Every business requires strategic foreign exchange risk managementand financial planning strategy encompassing many different elements to ensure your international business needs are achieved while at the same time protecting your cash flow. What is your pricing strategy? How do you efficiently establish your cross-border payroll? What solutions do you have in place for foreign exchange currency risk? For all of the above, MTFX is your answer.
Implement local in-country payment solutions with access to 100+ currencies
Working with a third-party platform provider who offers local in-country payment solutionsacross multiple currencies can give you greater visibility and control over your business's cash flow while at the same time saving your business the fees that banks and FX providers charge for maintenance of foreign-denominated accounts.
Not only can you reduce your businesses FX exposure by gaining the ability to make payments and hold funds in multi-currency accounts that you can access any time, 24/7, but working with next-generation solutions from fintech leaders in the space, like MTFX, can enable direct integration of these solutions into your businesses ERP system, removing all the manual reconciliation work that is normally required to balance and record your overseas business transactions.
MTFX’s local in-country payment solution provides your business access to multiple global payment solutions & schemes across +100 different currencies, including exotics, to help grow your business across borders. This solution facilitates, through API automation, the generation of your payables as well as the settlement of your overseas business payments all in one easy-to-use portal so you can keep track of your cash flow.
Treasury management for cash flow certainty
At MTFX your business gains access to a secure all-in-one online portal to manage your digital payments business. Within this portal you can view all your domestic and international transactions, currency balances across a multitude of currencies, payment statuses, and incoming funds data, giving you a full 360 view of your business operations all around the globe.
With our innovative treasury management tools, you have access to live rates that are guaranteed to beat the bank, the ability to schedule spot payments or forward contractsanytime, can view transfer data and payment confirmations, and can view or download business and finance reports around the clock.
At MTFX our team of market experts has been dedicated to our customer's success with over 25 years of foreign exchange and risk management experience. We service our clients with end-to-end multilingual customer support and online payment tracking capabilities that are available 24/7. As a proven payment disruptor in the industry, our team will create a risk management strategy specifically designed for the business that will give you access to our network of global partnerships so you can grow your business across any border.
Our platform can help you grow your profits
Learn more about how our third-party payment platform can help you retain your local customers and expand your business globally. Contact us and we will show you how our foreign exchange currency risk management and local in-country payment solutions can protect as well as increase your cash flow.
Sign up to receive the latest market news from our experts.
Who can use the MTFX payment service?
Individuals and businesses who need to send money in foreign currency internationally can use MTFX’s services. The beneficiary of the transfer must have a bank account for the funds to be paid into.
Personal clients usually use our services to transfer money between their own accounts in two different countries.
Business clients usually use our services to transfer funds to suppliers, fund international operations, or repatriate overseas earnings.
Why should I use MTFX and not my own bank?
MTFX offers currency exchange rates that are 2-5% better than those offered by the banks. Personal clients usually save hundreds of dollars per transfer and for larger transfers, the savings can run into the thousands.
We also offer excellent customer service, dedicated currency specialists, and a 24/7 online platform with best-in-class technology that allows you to complete transfers from any device virtually anywhere in the world.
Business customers save with better currency exchange rates and proven solutions geared towards managing and mitigating foreign exchange risk. Our solutions include forward contracts, market orders, rate alert services, and much more - all backed by great technology and great people.
How do customers send funds to MTFX?
Funds can be transferred via wire transfer, Electronic Funds Transfer (EFT), or ACH payment services. MTFX maintains bank accounts in all major currencies with highly-rated banks. Our banking infrastructure ensures that you can transfer funds to us quickly and securely.
How long does it take MTFX to transfer funds?
Our global network of banking partners allows us to get funds to virtually anywhere in the world quickly and efficiently. Most wire transfers from MTFX will be received by your beneficiary within 24-48 hours. MTFX also offers same-day transfers that are almost instantaneous, as well as low-cost in-country payment services for your less urgent transfers. For further information please speak to one of our currency specialists.
Please read the following update before logging in to your MTFX online account
We have updated our online dealing system to provide you with better functionality, more unique tools and an overall enhanced client experience. MTFX Online 2.0 is now available for your dealing needs. You can begin using our enhanced online portal today.
Please note that the traditional portal will be available for use until MAY 30th 2021 at which point it will be decommissioned.