moneycorp partners with Scottish Chambers of Commerce to boost export trade
moneycorp partners with Scottish Chambers of Commerce to boost export trade
Foreign exchange and international payments specialist, moneycorp, are thrilled to be partnering with the Scottish Chambers of Commerce, providing expert financial support to Scotland’s 12,000 Chamber members.
moneycorp, international payment and foreign exchange (FX) specialists, launch a partnership with the Scottish Chambers of Commerce. The partnership will provide 12,000 Scottish firms with access to specialist foreign exchange support from moneycorp’s Edinburgh based team, whilst opening up support for smaller Scottish chambers, including those in the Highlands and Islands.
The way we conduct business is changing. As Brexit and Covid-19 continue to cause market volatility, it is vital that businesses take a proactive approach in terms of managing the opportunities for growth and currency risks associated with international trade. moneycorp’s expert team and all encompassing suite of FX tools will be a vital partner in helping Scotland’s firms to weather the storm, and provide expert guidance in accelerating Scottish business’s ambitions for growth on the international stage.
The parternship will offer Scottish businesses competitive foreign exchange rates, alongside expert guidance. Currently highstreet banks can charge Scottish firms up to £40 on every international payment made, negatively impacting on their bottom line. By partnering with moneycorp, Scottish Chambers of Commerce members will benefit from significant savings on transactions, free FX healthchecks for Scottish finance teams and corporate treasurers, and expert advice on hedging currency exposure.
The partnership will be led by Niall Handy, moneycorp’s head of sales for Scotland and Northern Ireland. He commented:
“This partnership is incredibly exciting and a key strategic move for Scotish businesses during these tumultuous times. One of the great advantages that we can offer businesses is that we have offices across the world, so our customers don’t just get global servicing, but also local insights. Having this access to local expertise will help defend Scottish profit margins and boost commercial returns.
“At moneycorp, we know the importance of the personal touch, we work closely with clients and our international network to support local businesses on the international stage. I’m very proud we’re going the extra mile, expanding locally to help our clients take a proactive approach to their currency strategy, creating opportunities for Scottish businesses.”
“Far too many firms fail to record FX costs as a line item, resulting in hidden charges being levied by most retail banks. We believe in absolute transparency and look forward to working with Scottish Chambers of Commerce to boost the global competitiveness of Scotlands businesses.”
Dr Liz Cameron OBE, Chief Executive, Scottish Chambers of Commerce, added:
“Scottish Chambers of Commerce is delighted to partner with moneycorp. This partnership will provide a valuable service for the Scottish Chambers of Commerce Network and will strengthen our international trade offering. It will provide foreign exchange transactions, help and guidance based on comprehensive market knowledge and experience, as well as aid in reducing costs and risk for our members. We look forward to working with moneycorp to realise the benefits of this partnership for the Scottish business community.”
Today’s announcement supports Scottish Chambers of Commerce wider work with the Scottish Government to get Scottish businesses ready for Brexit. It will boost Scotland’s exporting performance through a range of international trade services and give direct support to the Scottish business community.
ENDS
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About moneycorp:
Established in 1979, the moneycorp group serves the growing foreign exchange and payments needs of global businesses, importers and exporters, online sellers and personal clients. Headquartered in London, with a worldwide presence, moneycorp pride themselves on providing exceptional customer service. A global company with local expertise.
- moneycorp is a trading name of TTT moneycorp Limited – one of the UK’s fastest exchange providers
- moneycorp provides an international payments service to individuals and a wide range of businesses, offering quick and comprehensive solutions to foreign exchange challenges
- moneycorp traded £32bn worth of currencies and handling millions of transactions in 2017
- moneycorp offers telephone, mobile and online payments on a multi-currency platform, helping thousands of customers exchange across 120 currencies in the last year.
- moneycorp began dealing in foreign exchange in 1979. The business was acquired by Bridgepoint Advisors Ltd in 2014
- moneycorp is a trading name of TTT Moneycorp Limited which is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services
