MTFX Established Partnership with Crown Agents Bank to Access Africa and Other Emerging Markets

MTFX Group, a forex service and payment solution provider, announced that it has partnered with Crown Agents Bank, to expand the the company’s access across emerging markets and Africa. MTFX’s client’s will be able to transfer money across Africa and access extoic foreign currencies.

Crown Agents Bank will provide MTFX with reliable liquidity, particularly in African markets, to ensure fast, safe, and secure settlement. Leveraging advantages in connecting with local banks, Crown will ensure a faster solution for MTFX’s corporate, SME, education, and NGO clients.

On top of forex services, MTFX will also be leveraging Crown Agent Bank’s digital payment tools to benefit local clients. 

Crown Agents Bank has been operating across emerging markets for nearly two centuries. It has a growing portfolio of Non-Banking Financial Institution and fintech clients, particularly over the last few years of accelerated digital transformation. 

David Bee, Head of Client Coverage and Markets at Crown Agents Bank, says, “Moving money across emerging markets has been our specialism for decades. It is exciting for us to work with technology-led businesses like MTFX and expand their access into our core markets. Our network, FX liquidity and digital payment rails, make us a vital partner for many banks, Non-Bank Financial Institutions, and International Development Organizations. Players such as MTFX who prioritize transparency and value for their clients as much as we do are always desirable partners.” 

Arif Harji, Director, Chief Market Strategist, MTFX Group, comments, “Our core focus is providing fast, competitive and secure ways to send money internationally paired with our industry leading 24/7 customer service. Partnering with Crown Agents Bank will bolster our capabilities in emerging markets and enable us to offer more reliable and faster settlement to our clients. Combining their network and liquidity with our world-class online platform means international payments will be even easier.”