Abcor Finance has expanded its support for UK businesses. It has added facilitation of International Payments, Abcor FX, to its existing Purchase Order and Trade Finance solutions. Abcor FX is a partnership between Abcor Finance and Intertrade Exchange to provide clients with the best foreign exchange rates. There are no fees when you make or receive payments unlike the offering from most UK banks.
Abcor FX clients will also have access to multi-currency wallets, virtual account management as well as real-time notifications on foreign exchange transactions. Clients will also have their own dedicated account manager who will help mitigate against the risk of currency fluctuations, through structured hedging facilities.
Andy Beck Director and Co-Founder of Abcor Finance added “We are delighted to have partnered with the team at Intertrade to expand our offering to UK businesses. The facility will provide our clients with extremely competitive exchange rates, savings in bank charges and access to experts in hedging strategies.”
Pany Demetriou, Global Head of Client Services at Intertrade Exchange added “Cross-border payments have seen significant growth due to rising demand from businesses of all sizes to engage in international trade. Our partnership with Abcor Finance is a great opportunity for their clients to access Tier 1 exchange rates and our ever-expanding fintech capabilities.”