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

Blog & Press Room

<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">Premier Business Association, The Markham Board Of Trade, Recognizes MTFX for superior customer service for this year's awards.MARKHAM, ON, CANADA, November 29, 2022 — <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."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.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.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.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."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>.<h3>About MTFX Inc.</h3>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>.Media contacts:&nbsp;Niki Ho (905) 305-4144 <a target="_blank" href="mailto:customersuccess@mtfxgroup.com">Email us here</a>.<h4>Connect with MTFX On Social Media</h4><ul><li><a target="_blank" href="https://www.facebook.com/MTFXLIVE/">Facebook</a></li><li><a target="_blank" href="https://twitter.com/MTFXLIVE">Twitter</a></li><li><a target="_blank" href="https://ca.linkedin.com/company/mtfx-inc">LinkedIn</a></li></ul>

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

<img src="https://content.mtfxgroup.com/uploads/skip_the_bank_line_32a1e02607.jpg" alt="Skip the bank line" srcset="https://content.mtfxgroup.com/uploads/thumbnail_skip_the_bank_line_32a1e02607.jpg 245w,https://content.mtfxgroup.com/uploads/small_skip_the_bank_line_32a1e02607.jpg 500w,https://content.mtfxgroup.com/uploads/medium_skip_the_bank_line_32a1e02607.jpg 750w,https://content.mtfxgroup.com/uploads/large_skip_the_bank_line_32a1e02607.jpg 1000w," sizes="100vw">MTFX helps Canadians reap the rewards of ditching the bank by cutting the cost of international money transfers.ONTARIO, CANADA, Sept. 29, 2022 /PRNewswire/ --MTFX, the international payments service available to Canadian individuals and businesses, today announced its continued commitment to beat the banks when it comes to exchange rates and transfer fees. This is welcome news in a consumer world where savings are increasingly essential and value-for-money deals reign supreme. MTFX's online platform is accessible 24/7, making it even easier for Canadians to skip the bank when sending money abroad.Research data shows that Canadian remitters send billions of dollars each year. As is to be expected, some of this money is lost due to foreign exchange conversions. Common reasons for sending money across the border include <a target="_blank" href="https://www.mtfxgroup.com/blogs/tags/buy%20overseas%20real%20estate/">buying overseas property</a>, mortgage payments for property abroad, sending money to family and friends and paying for overseas travel, destination wedding or tuition fees. Whatever the reason for sending money internationally, it's critical for Canadians who are savings-minded to avoid banks and consider better ways to transfer funds abroad and reduce conversion costs."There are many reasons why Canadians can realize more savings using MTFX instead of their own bank," said Sabrina Savji, VP Corporate Foreign Exchange MTFX. "We offer currency exchange rates 3-5% better than what Canadian banks offer. As a dedicated currency specialist, we have a laser focus on the market and more room to pass on savings to clients. Additionally, we offer risk management solutions like <a target="_blank" href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">forward contracts</a>, market orders, rate alert services and more to ensure the best value for money. Our clients usually save hundreds of dollars per transfer, though the savings can easily run into the thousands for larger transfers."As if the promise of more savings isn't enough, MTFX's service has various features that make for an irresistible offer. The MTFX online platform is available round the clock and is easily accessible from any device around the globe. It's powered by industry-leading automated technologies to enable users to complete transfers with a few clicks and the touch of a button. MTFX further sweetens the pot with personalized support from dedicated currency specialists and access to a <a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/">live currency rate calculator</a>, currency charts and other helpful foreign exchange tools. MTFX provides services to both individuals and businesses.Canadians who need to send money in foreign currency abroad are invited to explore this cost-effective international transfer method here: <a target="_blank" href="https://online.mtfxgroup.com/register/">https://www.mtfxgroup.com/register/.</a>About MTFXMTFX is a leading foreign exchange and global payment solutions provider. The currency specialist service has proudly been in business since 1996, accumulating a broad client base, including individuals, SMEs, multinational corporations, educational institutions, and more. MTFX leverages its impressive global network of financial institutions and numerous value-added selling points to ensure clients have a competitive advantage when navigating today's global market. MTFX has offices in Ontario, Canada, and New Jersey, U.S. For more information, visit <a target="_blank" href="https://www.mtfxgroup.com/">https://www.mtfxgroup.com/</a> or contact customersuccess@mtfxgroup.com.Media contacts:&nbsp;Sabrina Savji 905 305 4134 Sabrina.savji@mtfxgroup.com VP Corporate Foreign Exchange

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MTFX Encourages Canadians to Skip the Bank and Save Big on International Money Transfers

<img src="https://content.mtfxgroup.com/uploads/how_canadians_can_save_using_mtfx_vs_bank_press_release_banner_image_7d2198be05.jpg" alt="MTFX Showcases Visual Illustration of How Canadians Can Save Using MTFX vs. Bank">ONTARIO, CANADA, Sep. 14, 2022 /PRNewswire/ --MTFX has created a thought-provoking visual illustration that will make Canadians think twice about using the bank when sending money abroad. This helpful illustration is designed to help people visualize potential savings when using MTFX instead of the bank. The ultimate goal of the comparison savings is to drive home the point that Canadians stand to gain more by using currency specialists like MTFX for international money transfers. While banks do have their place in the world of financial transactions, it appears they don’t offer the best value for money when it comes to currency exchange. The illustration provided by MTFX shows this as clear as day.<img class="image_resized" style="width:50.84%;" src="https://content.mtfxgroup.com/uploads/mtfx_vs_banks_84afc1ffb1.png" alt="MTFX vs Banks Exchange Rates">“We want more and more Canadians to save when sending money abroad,” said Dasha Nakonechna, Vice President at MTFX. “Many people use the bank simply because it seems like the most convenient option. Yet, it’s costly with expensive transfer fees and less than competitive exchange rates. We tell our clients about all the money they could save with an MTFX account, and this sparks curiosity about how many extra dollars they get by skipping the bank.”As a leading <a target="_blank" href="https://www.mtfxgroup.com/">foreign exchange service in Canada</a>, Their unique selling point revolves around bank-beating rates and low transfer fees. With rates lower than banks by 3-5%, MTFX has crafted an irresistible offer for anyone interested in <a target="_blank" href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">sending money internationally</a>. According to the comparison savings, a single transfer of CAD 25,000 could translate to savings of hundreds of dollars.“We have provided this visual illustration so our clients can easily capture the difference between our exchange rate and the exchange rate offered by various Canadian banks,” Dasha Nakonechna said. “Whether you’re looking at popular banks like TD Bank, HSBC or RBC, there’s no dispute about MTFX being the most cost-effective international transfer method.”MTFX’s service offers other features to ensure better visibility and transparency for users. The<a target="_blank" href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/"> live rate currency calculator</a> lets you check and compare foreign exchange rates before initiating your transaction, while the 24/7 online platform enables you to track your transfer from anywhere. Canadians can also ask for a no-obligation quote to better compare exchange rates from MTFX to what's offered by banks. For more information visit <a target="_blank" href="https://www.mtfxgroup.com/">https://www.mtfxgroup.com/</a>.About MTFXMTFX is devoted to offering bank beating rates for Canadians that need cheaper alternatives when sending money internationally. This service was established in 1996 and currently has headquarters in Canada MTFX’s focus has always been to provide clients with fantastic value per transaction in terms of money savings, time savings and convenience. MTFX combines great technology, incredibly competitive exchange rates, low transfer fees and expert guidance to achieve this. To learn more about MTFX, please visit <a target="_blank" href="https://www.mtfxgroup.com/about/">https://www.mtfxgroup.com/about/</a>.Media contacts:&nbsp;&nbsp; &nbsp;Dasha Nakonechna&nbsp; 905 305 4132&nbsp; dasha.nakonechna@mtfxgroup.com&nbsp; VP Corporate Foreign Exchange

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MTFX Showcases Visual Illustration of How Canadians Can Save Using MTFX vs. Bank

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