press release first published May 9th 2017.
The Money Cloud, a trusted leading provider of overseas money transfer comparison services founded by Emmanuel Addy and Huw Jenkins in 2014, announce today that they have agreed to partner with First Global Data Corp. (FGD) to provide their FX comparison engine and overseas money purchasing services to FDG’s Global Wallets across 140 countries around the world.
The partnership will also see The Money Cloud, whose proprietary comparison engine compares the rates offered by many of the UK’s biggest and best FX companies as well as peer-to-peer transfer agencies like Azimo and Transferwise, help FGD further expand its rapidly growing European footprint, and provide comparison services benchmarking FGD against its closest competitors.
First Global Data Corp. is a leading provider of electronic payments and transaction processing solutions for consumers, merchants and service providers through its 3 primary lines of business: Payments M-Commerce, E-Commerce, and Regional, Domestic and International Money Transfer.
FGD are highly optimistic that The Money Cloud will take them to the companies that purchase FX using their services and network, and help FGD to promote their digital wallet service in Europe.
“We are delighted to announce this partnership with First Global Data, one of the most respected and innovative mobile and cross border payments company’s out there”, says Emmanuel Addy, Money Cloud CEO.
“Using our extensive network, built up over our combined 50+ years of experience in cross border payments services, we are extremely confident we can help First Global Data to establish a significant footprint across Europe and other regions, and are equally pleased that FGD will be using our comparison engine to help cement their status as a best-in-class provider of international payments services.”
Andre Itwaru, Chairman and CEO of First Global comments, “Global FX capabilities is a key enabler to achieving our vision of becoming one of the world’s first portable, interoperable mobile wallets. FX is an integral part of cross border remittances and payments. By integrating The Money Cloud services into our mobile wallet, consumers will have the ability to source and purchase FX at the best rates available”.
About The Money Cloud
the Money Cloud is an international money transfer comparison site that’s focused on giving you clear, honest information, so you can choose the best way to send money overseas.
Trust and value are at the heart of The Money Cloud. We want to give you the confidence to try more cost-effective ways of transferring money abroad, rather than just accepting expensive bank fees. Right now, there’s a real drive for change in the international money marketplace, and we’re here to address that. For the past few decades hidden charges, complicated terms and conditions, and a serious lack of clear, educative resources has made it difficult for people to find the best way to send money. The Money Cloud brings clarity to the marketplace.
The services we offer offers include helping you make the most of your money on your international payments, comparing Forex companies, bank-beating exchange rates and no fees for payments, setting up one-off or regular payments quickly and easily, tailored to your requirements, and 144 currencies covered through a network of authorised and regulated partners.
About First Global:
First Global Data was founded in the US in 2001, with a mission to evolve the payments space by providing “ubiquitous mobile payments” and electronic financial payment convenience to millions of people in emerging and developed markets worldwide.
First Global’s proprietary leading-edge technology enables the convergence of compliant domestic and cross border payments, shopping, Peer to Peer (“P2P”), Business to Consumer (“B2C”), and Business to Business (“B2B”) payments. First Global enables its strategic partners and clients around the world through its leading edge financial services technology platform.