Under the partnership, Reckon’s Australian customers, who are registered with OFX, will be able to make fast and secure money transfers via the OFX (ASX:OFX) platform.
Reckon customers will have access to better-than-bank rates on 55 currencies, no OFX fees on transfers and round-the-clock access to OFX customer service, and Reckon partner companies will receive access to a range of foreign exchange tools to provide additional value added services to their clients.
Sam Allert, managing director, Australia and New Zealand at Reckon, says the company chose to work with OFX “as they are a market leader in global payments, using trusted payment systems that give businesses access to lower cost international payments".
OFX Group chief executive Richard Kimber said the partnership with Reckon is consistent with the company’s Accelerate Strategy, “targeting wholesale opportunities that embed our services in already established ecosystems. We believe this partnership will result in increased brand awareness and lead to further customers for OFX".