GAIN Capital Holdings Inc (NYSE:GCAP) has announced the launch of a new money transfer service on Forex.com, its global Retail FX brand.
The new service, which enables individuals and businesses to quickly and easily send money in 26 currencies to over 200 countries via their desktop, tablet or mobile device, features highly-competitive exchange rates, fast transfer times and free priority services.
The service offers instant rate quotes and transfer times of under 24 hours within the EU and 24-48 hours in most other regions. Initially available only to UK residents, Forex.com plans to expand its money transfer service to support European customers in the coming months.
“The international money transfer service is a natural extension for FOREX.com, a global market leader in retail foreign exchange trading servicing customers in over 180 countries,” commented Glenn Stevens, CEO of GAIN Capital.“We’ve leveraged our nearly two decades of experience in FX to bring a fast, reliable and cost-effective cross-border payments solution to the market. As a highly trusted name in foreign exchange, we offer our customers peace of mind that their transactions will be handled safely and securely.”
Money Transfers is offered by Gain Capital Payments Ltd, and is a separate service from Forex.com trading accounts. Gain Capital launched its international money transfer business late last year, under the brand name ForeignExchange.com.