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Work with the best tech in the industry – why MTFX is the superior international payments provider for your business

Fintech Industry

We all know that fintech’s in the international payments space are a dime a dozen and even though they are preferred to banks and financial institutions due to their speed to market and flexibility, there are only a few that have seamless integration, can really save you and your business money, while at the same time offering an all-in-one solution to satisfy all of your businesses international payments needs.

When businesses turn to fintech’s they usually have to partner with multiple solution providers to ensure they have all their needs met, and this can become cumbersome, driving businesses to revert back to working with banks simply due to lack of management and complexity of their day-to-day business, even though, in the end, it costs them more. The importance of the user experience and ease of use when integrating a third-party platform provider is just as important as saving costs.

On top of this, not only do businesses sometimes have to integrate multiple solution providers, in some cases transaction fees are removed but are made up on the back end being included within the marginal spread of the foreign exchange rate. Not all solution providers have the capacity of network partners in the category to be able to offer their customers competitive foreign exchange rates, leaving businesses exposed to market volatility which tightens cash flow.

When it comes to working with a third-party platform provider for your business, work with a partner that puts your business's needs first and provides an all-in-one solution that protects your business from market volatility.

Why should you choose MTFX?

1. Fast transfers with competitive rates that are guaranteed to beat the bank

Banks usually have less competitive foreign currency exchange rates. They employ what is known as the mid-market rate in trading with other banks. The mid-market rate is not a rate they disclose or offer to customers.

At MTFX, due to our over 25 years of experience in the market building our network, we can offer better than mid-market rates to our customers across +140 different countries. The speed and ease of use of our money transfer solutions allow our customers to settle money faster while saving up to 5% compared to what the banks can offer, ensuring that payments to your cross-border suppliers and customers arrive on time, freeing up business capital.

2. Access to next-generation innovative technologies that are industry firsts

MTFX’s innovative solutions for both international and domestic payments are the firsts in the category and enable customers the ability to grow their transaction volume. MTFX’s technologies, power by AI, machine learning, and biometrics reduce the number of payment failures, which result from inaccurate data input.

Our payment solutions offer choice and flexibility for customers and enable them the ability to accept many different payment types from their customers as well as offering vendor preferred payment types like; pre-authorized debits, wires, EFT’s, credit cards, and also enable customers with next-generation digital payment solutions like mobile wallet payments through a simple API integration that banks and other third-party providers can’t offer.

Our innovative tech solutions are one of the only in the market that remove the need for manual intervention or payment reconciliation with an all-in-one solution set that has direct international payments integration into businesses ERP and AR systems.

3. Taking the challenges out of opening and managing foreign bank accounts

was built to save your business money on overseas transfers while providing you low exchange rates and transfer options for every type of business. Our team of market experts reduces your business's exposure and improve your cash flow by having the ability to make payments and hold funds in local currencies that you can access at any time 24/7.

MTFX can enable your business the ability to open and hold money in domestic multi-currency accounts across multiple currency types, removing the complexity of trying to open and manage multiple bank accounts across borders.

4. FX risk management strategies to keep your cash flow safe

Managing exposure to FX currency fluctuations is an additional level of due diligence any business owner needs to practise. Your cash flow is the lifeblood of your business and you need to protect it from unfavorable shifts in FX exchange.

MTFX has developed superior risk management solutions and hedging tools including forward contracts and market orders that are customized for businesses of all sizes. We offer more competitive global pricing for your business to leverage so you can ensure you are making payment transfers when foreign exchange rates are optimal.

5. Safe, reliable, and compliant money transfers

On top of this, at MTFX we take compliance seriously. Our Policies and verification procedures for KYC, fraud, sanction screening, and anti-money laundering activities are icon-clad and surpass industry standards.

Our next-generation technologies provide our customers with bank-level security to ensure that your overseas business is safe and protected so you can focus on growing your business across the globe.

Our platform can help protect your overseas cash flow.

Learn more about how a third-party payment platform can help you retain your local customers and expand your international business. Contact one of our market experts at MTFX and we will show you how foreign exchange currency risk management can protect your business while increasing profits.

 

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FAQs

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.
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.
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.
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.