Moneycorp to Acquire Commonwealth Foreign Exchange

The Moneycorp Group has signed an agreement to acquire US-based corporate international payments business Commonwealth Foreign Exchange. The acquisition, subject to regulatory licensing approvals, will allow Moneycorp to extend the geographical reach of its payments platform, further supporting customer acquisition and international expansion.

Commonwealth FX offers foreign exchange and international payments services to corporate clients in the US. The business serves over 4,000 customers in the country, with a team of over 60 foreign exchange professionals.

 

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