Emerging Trends and Challenges
FTPartnersResearch-GlobalMoneyTransferTrends
FTPartnersResearch-GlobalMoneyTransferTrends
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Bridgepoint Acquires Moneycorp<br />
Moneycorp Product Overview<br />
Personal<br />
Transfers<br />
■<br />
■<br />
One-off Payments: Moneycorp offers a personal account manager that is assigned to<br />
every customer to look after their money transfer <strong>and</strong> offer guidance on foreign exchange<br />
market movements; the Company charges a fee that varies between options such as<br />
delivery time <strong>and</strong> platform used<br />
Regular Payments: Enables consumers to automatically send overseas payments at set<br />
intervals; consumers can fix the exchange rate for a period of between 6 <strong>and</strong> 24 months<br />
■<br />
Targeted Rate: Moneycorp enables consumers to purchase forward contracts, option<br />
contracts, spot contracts <strong>and</strong> execute market orders at a desired rate<br />
■<br />
Wholesale Currency Services: Provides same-day delivery of bulk currency; serves<br />
private banks, FX brokers, travel companies, cruise ships <strong>and</strong> airport charter companies<br />
Business<br />
Transfers<br />
■<br />
■<br />
Tailored Services: Offers bespoke services to meet specific requirements <strong>and</strong> develop<br />
solutions to suit a business’ budget; also provides bespoke banking services for surplus<br />
cash, third-party checks <strong>and</strong> other monetary instruments<br />
Spot FX Services: Telephone-based <strong>and</strong> online spot FX services, with fast worldwide<br />
payments <strong>and</strong> guaranteed delivery dates<br />
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