Users are provided with their own IBAN, BIC/SWIFT, account number and sort code, allowing them to receive payments, hold funds in virtual wallets, convert currencies at bank-beating exchange rates and make payments to over 200 countries around the world.
“Opening and running foreign currency bank accounts can be complicated, expensive and time consuming for small businesses” says Hamish Anderson, co-Founder and Chief Executive Officer of Money Mover. He adds, “Our mission has always been to increase the transparency and reduce the cost of transferring money internationally. That’s why we are committed to developing our technology and increasing the scope of our service. In addition to making fast and secure international payments we can now enable users to receive and hold foreign currencies without the need to rely on high-street banks.”
Headquartered in Cambridge, Money Mover was launched in 2014. Since then it has helped businesses and individuals exchange currencies worth over £400m and make thousands of payments. With the tagline of “transforming international payments for SMEs”, it has continued to release features and functionality that address the needs of its customers. Since its launch Money Mover has added enhancements such as same-day payments, real-time payment tracking and flexible payments (allowing users to lock-in future exchange rates).
“We are excited to launch multi-currency wallets and see it as the natural next step in the evolution of our business” says Hamish.
For further information please visit https://www.moneymover.com/product/multi-currency-wallets/