Integrated financial orchestration fintech Zai launches money transfer service in the United States

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Zai, the global fintech company that provides integrated financial orchestration solutions, today announced the launch of its CurrencyFair personal money transfer service in all 50 states of the United States. Consumers in the US can now use CurrencyFair to exchange and transfer money internationally at rates eight times cheaper than traditional banks, with no delays and no hidden fees.

People who send money abroad can save money on their currency exchange – or save on exchange rates when buying property abroad, from paying taxes to abroad, paying international study fees and receiving pensions abroad – CurrencyFair offers competitive rates, fast and reliable transfers and excellent customer service. The service is fully licensed and regulated, and has safely transferred over $15 billion worldwide. US consumers can send money to more than 150 countries with bank-level security, but without bank rates.

Paul Byrne, CEO of Zai, said: “Since we launched the Zai brand internationally towards the end of last year, one of our main objectives has been global growth and the introduction of our evolving product offerings in new markets – while keeping our customer-focused, problem-solving approach at the heart of everything we do The launch of our CurrencyFair personal money transfer service in the US is a milestone natural for us on this journey, enabling all US-based consumers – and especially expats living in the US – to securely send money to over 150 countries and counting.

“The US$2 trillion revenue market for payments represents a significant opportunity for us as Zai continues to grow and expand its product offering. We are expanding our services in the United States over the coming year, supporting both consumers and businesses by simplifying payments and making innovative financial services accessible to everyone.

Launched in Ireland in 2010, the CurrencyFair brand has grown internationally offering over 20 currencies in well-established currency corridors – including the British Pound, Euro, Canadian, Australian, Singapore and Hong Kong Dollars from the United States – for international payments. CurrencyFair will increase its offering to more than 40 currencies this year, including the Mexican peso, Brazilian real, Argentine peso, Japanese yen, Malaysian ringgit, Pakistani rupee and Sri Lankan rupee.

CurrencyFair is under the umbrella of Zai, a global provider of integrated financial orchestration. Zai helps companies across a wide range of industries globally – from fintech to real estate technology companies – simplify, streamline and scale complex payment workflows. This latest US launch is part of a major global expansion by the company following a strategic investment from Standard Chartered Bank in 2021; Zai currently has over 300 employees, with plans to reach 450 by 2025, and is expanding its presence across APAC, UK, US and the Middle East over the year to to come.

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