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

Blog & Press Room

<p><img src="https://content.mtfxgroup.com/uploads/Manufacturing_industry_Press_Release_7bf2ab194b_106bace9ae.jpg" alt="Manufacturing Industry"></p><p style="text-align:justify;"><strong>[Markham, Ontario] -</strong> In today's world, where countries are closely connected, the manufacturing industry plays a crucial role in global trade. This means that it's important to manage <a target="_blank"  href="https://www.mtfxgroup.com/transfer-money/">currency exchange</a> efficiently. Manufacturing companies often obtain materials from different countries, which introduces complexities related to different currencies, unpredictable exchange rates, and the need to make payments quickly and at low cost. Luckily, there is a solution available to simplify these processes and make <a target="_blank"  href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international transactions</a> more efficient. <a target="_blank"  href="https://www.mtfxgroup.com/">MTFX</a>, a top provider of currency exchange services, offers customized solutions that are specifically designed to meet the special requirements of the manufacturing industry.&nbsp;</p><h3 style="text-align:justify;">Understanding the International Payment Needs of the Manufacturing Industry &nbsp;</h3><p style="text-align:justify;">Manufacturers involved in international trade face a multitude of payment requirements within their supply chains, often involving <a target="_blank"  href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/">currency conversion</a>. These transactions introduce complexities and challenges that must be addressed effectively. From purchasing raw materials and settling invoices for machinery and equipment to managing international payroll and logistical services, manufacturers must navigate exchange rate fluctuations, transaction fees, processing delays, and currency conversion risks. To streamline these processes and optimize international transactions, MTFX, a leading provider of currency exchange solutions, offers tailored services designed to meet the unique needs of the manufacturing industry. By partnering with MTFX, manufacturers gain access to innovative payment solutions that address the complexities of international trade, allowing them to enhance efficiency, control costs, and drive growth in the global marketplace. &nbsp;</p><h3 style="text-align:justify;">Challenges with Traditional Payment Options &nbsp;</h3><p style="text-align:justify;">Traditional payment methods offered by banks pose challenges for manufacturing companies in Canada. Unfavorable exchange rates and high transfer fees impact profitability, while lengthy processing times and limited payment visibility disrupt supply chains and hinder cash flow management. Insufficient risk management solutions and limited customer support further complicate international payment processes. Recognizing these challenges, MTFX offers innovative solutions for specific needs of Canadian manufacturers, enabling streamlined operations and enhanced competitiveness in the global marketplace. &nbsp;</p><h3 style="text-align:justify;">The Advantages of Choosing MTFX &nbsp;</h3><p style="text-align:justify;">MTFX offers a range of advantages for manufacturers seeking efficient international payment solutions. With <a target="_blank"  href="https://www.mtfxgroup.com/#mtfxvsbanks">competitive exchange rates</a>, cost-effective options, efficient processing, enhanced payment visibility, and comprehensive risk management tools, MTFX empowers manufacturers to streamline operations, minimize costs, and effectively manage currency-related risks. Dedicated customer support ensures manufacturers receive personalized assistance throughout the payment process, positioning MTFX as a trusted partner in optimizing international transactions for manufacturing businesses. &nbsp;</p><p style="text-align:justify;">"MTFX understands the intricate payment needs of the manufacturing industry," stated Sabrina Savji, VP Corporate Foreign Exchange at MTFX. "Our specialized solutions empower manufacturers to navigate the challenges of currency conversion, exchange rate fluctuations, and transaction complexities, enabling them to focus on their core business operations and succeed in international trade." &nbsp;</p><h3 style="text-align:justify;">About MTFX Inc. &nbsp;</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.&nbsp;</p><p><strong>Media contacts:</strong>&nbsp;&nbsp;&nbsp;&nbsp;<br><br>Sabrina Savji&nbsp;&nbsp;<br>905 305 4134&nbsp;&nbsp;<br><a target="_blank"  href="mailto:Sabrina.savji@mtfxgroup.com">Email Here</a>&nbsp;&nbsp;<br>VP Corporate Foreign Exchange</p><h4>Connect with MTFX On social media;</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 Simplifies International Payments for the Manufacturing Industry

<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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MTFX Offers Innovative International Payment Solutions for Travel Industry

<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

Pressroom