• Demand for global payments and FX solutions increases from Chinese entrepreneurs
• Import/export of Chinese goods including food, PPE and electronics surges
• moneycorp Americas responds to Chinese market needs with new experienced team

TORONTO--(BUSINESS WIRE)--moneycorp Americas, a leading provider of global payments and currency risk management solutions, announces the opening of their Canadian based China Division. The division will aim to support Chinese Canadian business owners, importing or exporting to and from China, and high-net worth individuals by helping streamline their FX risk management and payments overseas. By minimizing their foreign exchange exposure to suppliers, business operators in Canada can protect their bottom line by hedging their payments to and from China.

“This expansion represents a key strategic growth initiative for our company in response to the increasing market demand for payments and FX risk management solutions,” said Bob Dowd, Chief Executive Officer of moneycorp Americas. “James Lei, our China Division lead, and his team’s understanding of payments requirements from both a supplier and vendor perspective makes this offering a seamless move for our business. By expanding our team of experienced professionals through the China Division, we are able to help Canadian Chinese businesses achieve operational efficiency and overall profitability.”

James Lei, Senior Corporate Dealer at moneycorp Americas added, “We understand the challenges and opportunities facing Chinese Canadian businesses. There is a significant need for them to address their global payments and FX risk management requirements in order to protect their bottom line. Our team offers unmatched personalized customer service, competitive rates and customized solutions, thereby minimizing their FX risk in a volatile market.”

moneycorp has recently expanded their Canadian team to support this growth, including William Wang, as Senior Business Development Advisor. William brings more than 27 years of experience including previously managing Saskatchewan’s economic relations with the Greater China area since 2007 and working in cooperation with Saskatchewan Intergovernmental Affairs.

China is Canada’s second largest trading partner. According to the Government of Canada, since 2001 Canada’s relationship with China has grown faster than their trade relationships with any other global partner. With a high volume of goods being imported and exported between the two countries, Canadian businesses must evaluate their payments and FX risk, especially during volatile times.

moneycorp’s Canadian based China Division works alongside their Hong Kong office to enable businesses to receive CNH payments instead of USD.

About moneycorp Americas

moneycorp Americas is a leading provider of global payments and currency risk management solutions. We pride ourselves on delivering high touch service and innovative technology products that put our customers’ business first. Our team of knowledgeable, seasoned professionals create tailor-made solutions and leverage our global network for seamless cross border payments and safeguarding FX risk exposure. Established in 1979, moneycorp serves global clients across North America, South America, Asia, Europe and Australia. Visit www.moneycorp.com to learn more.

Contacts

Media Contact:

Monica Bermudez

monica.bermudez@moneycorp.com