A strategic alliance covering international money transfers has been forged by travel cash firm International Currency Exchange and foreign exchange provider TorFX.
The partnership aims to capitalise on the complementary strengths of the two organisations to give consumers a complete travel money solution, from smaller value currency exchange for short trips and holidays, to higher value transactions for major purchases.
TorFX has a strong position in the foreign exchange arena for customers requiring competitive deals for larger amounts of money for major purchases, such as second homes, or importing or exporting stock.
The partnership with ICE means TorFX customers will now be able to benefit from competitive rates on their spending money for overseas trips.
Tom Johnson, head of ICE online business, said: “This is a significant partnership for ICE, as TorFX will help us reach a wider market of consumers who want to conduct financial transactions overseas.
“In addition, this alliance will bring existing ICE customers a comprehensive level of service, ensuring they get the best rates on small and large currency exchanges alike.”
TorFX head of business development Colin Lawrence said: “Our partnership with ICE means we can now extend the level of service we provide our customers by providing competitive rates on smaller currency exchanges.
“Homeowners may need the best rates for spending money when friends and relatives visit and now TorFX can meet that demand, enhancing our customer experience.”