Cyprus based Retail FX and CFDs broker FxPro has announced that it is partnering with Currencycloud, a leading provider of B2B embedded cross-border solutions, as part of a new offer of flexible and convenient e-money solutions in the form of its new business – BnkPro.

BnkPro will offer to the mass affluent segment of the market the ability to access private banking-like services through a simple and intuitive app. This app will enable customers to create a multi-currency digital wallet and request a Mastercard debit card. BnkPro customers can make payments using domestic and international facilities, transfer money between their multi-currency accounts, trade and invest in securities and more.

The integration of Currencycloud into FxPro’s offering expands its geographic reach and provides access to a number of new local and international payment rails and schemes that will make it easier and quicker for customers to send, receive and hold funds in multiple currencies

Charalambos Psimolophitis, CEO of FxPro Group, commented:

“FxPro Group and our brands have always strived for constant technological innovation, and this integration is another step towards us offering the complete financial services package, facilitating global transfers and multi-currency accounts alongside robust digital investment services. There is no doubt that the partnership with Currencycloud will enable us to reach our goals, provide a top-quality professional product and firmly establish BnkPro Ltd as a leader in this market.”

Nick Cheetham, Chief Revenue Officer at Currencycloud commented:

“FxPro is a globally renowned broker and we are excited to work with them on this new endeavor which will maximize our Currencycloud Spark solution and allow their customers to pay, receive and hold multiple currencies simultaneously, exchanging currencies when it suits them. Alongside their trading platform, this partnership will be a real value for their customers.”

BnkPro will launch in July 2021 and more information can be found at bnkpro.com. BNKPro Ltd is authorised and regulated by the UK Financial Conduct Authority as an Electronic Money Institution (License number 900870).

FxPro was founded in 2006 with the vision of becoming a major player in the retail forex market. Since then, it has grown into one of the largest and most influential online brokers in the world and is licensed in multiple jurisdictions. BnkPro is the latest in the group’s expanding financial enterprise, providing financial services with flexible and convenient solutions alongside digital investment platform facilities.

Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff & Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, US, and the EU. Currencycloud was acquired by Visa (NYSE:V) earlier this year for £700 million.