OFX Teams Up with Technosis to Introduce a Cutting-Edge Multi-Currency Payment Solution

Date – 01-Aug-2024

OFX has announced a new partnership with German finance software company Technosis to introduce an integrated multi-currency payment solution.

OFX, a leading provider of international foreign exchange services, has announced a strategic partnership with German finance software company Technosis to launch a cutting-edge multi-currency payment solution. This new solution is designed to streamline cross-border payments for German businesses, offering them faster, secure transactions and competitive foreign exchange rates.

Seamless Foreign Exchange Solutions for German Businesses

OFX, established in 1998 and headquartered in Sydney, Australia, operates globally with eight offices and over 700 staff members. The company provides businesses and consumers with international money transfers at competitive rates in over 50 currencies across 170 countries. Through its ‘digital + human’ approach, OFX combines a user-friendly online platform with 24/7 localized customer support, ensuring that clients can access expert currency advice anytime.

Innovative Integration

Technosis has integrated OFX’s services into its existing platform to enhance user experience by simplifying foreign exchange solutions. This integration streamlines financial operations for Technosis clients, eliminating the need for multiple payment platforms, reducing transaction costs, and providing real-time tracking and reporting features. This seamless integration ensures a more efficient and cost-effective way for businesses to manage their international transactions.

Maeve McMahon, President of OFX EMEA, commented, “We are thrilled to partner with Technosis, reinforcing our commitment to the German market. Germany represents a significant growth opportunity for OFX. We understand the Mittelstand’s need for a fast, secure international payment solution with competitive exchange rates and top-notch customer service. Our collaboration with Technosis and recent key hires in Germany allow us to offer an exceptional value proposition.”

Dierk Rathjen, COO of Technosis, added, “Partnering with OFX provides our clients with access to favorable exchange rates and the exceptional service of a global leader. This integration enables our clients to leverage the OFX network for establishing bank accounts in regions where their current partners are not available or accessible through EBICS, all while maintaining their existing processes.”

Continued Growth for OFX in Europe

Since establishing its European headquarters in Dublin in 2020, OFX has experienced significant growth, with a 140% increase in its EU business for the financial year ending March 2024. Listed on the Australian Securities Exchange, OFX has facilitated transfers exceeding €176 billion for over 1 million customers worldwide. For more information, you can access OFX’s public investor report here.