London, UK, 04 July 2023 

Moneycorp, one of the world's leading cross-border payments businesses, is celebrating seven years of operations in Bucharest and Madrid. The business opened its Romania office in Bucharest and its third Spain office in Madrid on the 3^rd July, 2016. The European corporate business hubs were established to serve the ongoing demand for an international payment specialist in high-growth economic areas.

Spain and Romania’s operations contributed to a trading volume of £73.3bn across the group in 2022.

Moneycorp Romania is now one of the country's most established cross-border payments provider, working with a portfolio of over 1,000 corporate clients spanning a range of industries, including retail, IT and logistics, and high net-worth individuals.

Since opening, it has nearly doubled in size, expanding the team of ex-bankers and financial experts to 14 and including regional experts in customer service and compliance. This supports Moneycorp Romania's objective of providing guidance for businesses with international trade interests, grounded in local knowledge and currency expertise.

The picture is similar in Madrid. After becoming profitable in only its third year, the office has experienced exponential growth. It is now responsible for more than 500 corporate clients that have traded over €2 billion through Moneycorp’s international payments network.

Today, Moneycorp Romania and Moneycorp Spain remain on strong growth trajectories. They plan to continue to grow their respective teams and expand the corporate business by focussing on Moneycorp's FX strategy offering that uses historical data and currency tools to help companies plan ahead to better mitigate their risk exposure.

Cosmin Bucur, CEO of Moneycorp Romania, said: "Our country is embracing international trade. In 2021, Romanian businesses exported nearly $98 billion worldwide, an increase of $25 billion in five years. This represents a huge opportunity but also significant exposure to foreign exchange volatility. We aim to support businesses as they enter the international stage, helping them effectively plan for their foreign exchange requirements and protect themselves from risk.

Javier Quintana, Managing Director of Moneycorp Spain, said: “Spain is a highly internationalised economy. Madrid has a unique position in Europe as the natural corridor to Latin America, a relationship that will only strengthen as the fallout from the war in Ukraine and the race towards developing green technologies continues.

"Over the last seven years, both businesses have worked hard to grow the EMEA regional Moneycorp businesses - and we’re proud to now represent some of the highest-performing clients across all major industries. Cosmin and I – as well as our teams - are committed to delivering safe, secure, cost-effective cross-border payments underpinned by personal service in Romania and Spain, which is what allows us to build long-term and effective partnerships with our clients."

About Moneycorp

Moneycorp is a leading payments services provider for banks, businesses, and consumers. Thousands of customers and partners globally trust Moneycorp for its dependable service and cutting-edge technology. Consistently at the forefront of the market, Moneycorp focuses on creating a balance between shaping the future of the payment industry and building meaningful relationships. At Moneycorp, we are committed to helping our clients navigate the complex world of global payments. Visit www.moneycorp.com to learn more.

We have a presence in the United Kingdom, North America, Europe, Brazil, Hong Kong, Romania, and UAE offering a full suite of payment solutions in over 120 currencies.