CurrencyFair Announces Merger with Assembly Payments

CurrencyFair, a financial services provider, announces its merger with Assembly Payments, whose platform automates complex payment workflows as a result of a strategic investment by Standard Chartered Ventures. The merged business will provide a full range of fast, high volume domestic and cross-border payments options. The merger is subject to shareholder and regulatory approval.

President and CEO of CurrencyFair Paul Byrne, who leads the merged business said,“This merger is a natural evolution for CurrencyFair as we move beyond simple transactions towards building a company which allows businesses and individuals to access, build, connect and use any payment service.

He added, “Our new payment products will give customers a greatly simplified way to overcome technical, regulatory and geographical challenges while we retain our ‘customer first’ culture and build on the transparent, value-based services we’re renowned for. ”

Co-CEO of Assembly Payments, Tim Dicksinson, also said, “Together Assembly Payments and CurrencyFair are ideally positioned to focus on the growing needs of the global cross border business payments market.”