The Payments Show Podcast
The Payments Show helps businesses learn how to use the latest payments and financial technology to increase sales conversion and cut costs. Hosted by Satwant Phull.
The Payments Show Podcast
EP. 005 – International Currency Exchange for Businesses - Jeremy Larsson, CurrencyFair
In this episode of The Payments Show Podcast, I spoke to Jeremy Larsson who is the UK General Manager and Director of Strategic Partnerships at CurrencyFair.
CurrencyFair solves the pain experienced by anyone that needs to send money abroad. Businesses, Expats and overseas home-owners typically pay large spreads (up to and even exceeding 5%) and high international transfer fees of around €25 on every payment.
CurrencyFair helps its customer access the real exchange rate, while charging a small transparent margin on each transaction. While this charge varies depending on which currencies are being exchanged, the average margin is around 0.45% of the overall trade.
10m Highlights Version: click here
Summary of topics discussed:
1. Eliminating the need for SWIFT and Banks
2. Cut currency transfer fees by 4-6%
3. Repatriating investments
4. Online Marketplaces including Amazon and Rakuten
5. Open Banking
6. Ripple Cryptocurrency
7. Geopolitical Events including Brexit
8. US and Asian Markets
9. Popular Currency Corridors
10. SuperApps and Digital Wallets incl: WeChatPay, AliPay, Gojek and more
Details:
- Recorded on 20 December 2019
- Host: Satwant Phull, Founder of Digital Money Lab
- Guest: Jeremy Larsson, UK General Manager and Director of Strategic Partnerships
[Next Steps]
- Get in touch with Satwant: digitalmoneylab.com
- Currencyfair: currencyfair.com
[Support the Show]
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