Zai, the Australian fintech organization engaged in providing embedded finance services has introduced its personal money transfer service, CurrencyFair in all 50 US states.
Us-based customers of Zai will be able to use its personal money transfer service to transfer and exchange money across the world at lower charges, over conventional banking. CurrencyFair is completely legal and has made transfers of $15 billion around the world. Zai allows its consumers to make transactions for 150+ countries where your personal data will remain in encrypted form using industry-leading bank technology.
Paul Byrne, CEO, Zai, stated “Since we launched the Zai brand internationally towards the end of last year, a key focus for us has been global growth and introducing our evolving product offering into new markets – all while keeping our customer-centric, problem-solving approach at the heart of everything we do. The launch of our CurrencyFair personal money transfer service in the US is a natural step for us on this journey, allowing all US-based consumers – and in particular, expats living in the States – to securely send money to over 150 countries and counting.”
CurrencyFair, the personal money transfer service of Zai was rolled out in 2010 in Ireland and now has widespread globally allowing transactions in over 20 currencies, like Australian, Hong Kong, Canadian, Singaporean dollars and GBP, EUR from the USA for making international payments. The services are going to expand by 2022, and more than 40 currencies will be added to allow more payment flexibility to consumers. Currencies will be the Brazilian Real, Mexican Peso, Malaysian Ringgit, Pakistani Rupee, Argentine Peso, Sri Lankan Rupee, and Japanese Yen.
The embedded finance orchestration company, Zai, backs companies and enterprises of different industries at the global level including property technology organizations to fintech companies by simplifying and extending workflows of payment. This money transfer service is part of global expansion for the organization that includes a huge investment by Standard Chartered Bank done in 2021.