US-based foreign exchange company OANDA has partnered with B2B embedded cross-border solutions provider Currencycloud.

By partnering with Currencycloud, OANDA will be able to provide North American businesses with access to a new international money transfer service.

Dubbed OANDA FX Payments, the new service has been launched in association with Shift Connect.

The solution will allow corporate clients to make payments overseas in 35 currencies using an online platform.

The platform offers a personalised customer support service via Shift Connect, and a streamlined user experience to clients.

OANDA Business Information and Services (BIS) unit offers the OANDA FX Payments solution, along with a range of FX Data Services including the OANDA Exchange Rates API.

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Currencycloud North America co-founder and general manager Richard Arundel said: “This is a unique proposition for OANDA and its corporate FX clients.

“By working closely with our existing partner, Shift Connect, in North America, we have been able to create a one-of-a-kind cross-border payment solution for OANDA.”

Shift Connect CEO Dave Kelcher said: “As we have started to expand into new territories across the globe, and our partnership with Currencycloud expands, we were uniquely placed to create new solutions for OANDA’s corporate FX clients who make international payments.”

OANDA Head of FX Data Services Lucian Lauerman added: “One of the world’s leading FX authorities, OANDA is dedicated to helping companies optimise cash flow, manage currency risk and build their bottom line.

“As such, we are delighted to be partnering with Shift Connect and Currencycloud in order to add OANDA FX Payments to our best-in-class range of corporate currency solutions, which are trusted by audit firms, tax authorities and multinational corporations all over the world.”

Last September, Currencycloud partnered with tech firm Tribe Payments to offer new banking-as-a-service (BaaS) solution to fintechs and banks.