The Czech Republic and Slovakia are key growth markets within Central Europe; exports are the driving force behind both countries’ economies and foreign trade turnover is steadily growing in both markets.
The two countries were formed in 1993 after the split of Czechoslovakia, and have maintained close relations ever since – they are each other’s respective top destination for emigrants. In order to facilitate the high demand of international payments between both countries – as well as their export partners – a new global money transfer website has launched in the two nations.
With the stated goal of becoming the ‘Skype of the Payments Sector’, Xendpay.com facilitates payment transfers to and from almost any country to the world for local residents, businesses and expat communities.
With many banks in the Czech Republic and Slovakia not providing international payment transfers – and those that do charging high fees to their clients – customers now have a viable option for safer, cheaper and quicker money transfers. The site is affiliated with Czech bank Uni Credit.
Jake Holloway, Head of Xendpay.com says: “We are rolling out new languages and services almost every few weeks and we will not stop until we have covered the whole world. Our focus is low cost –this will appeal to Czech and Slovak migrants in Germany, UK and elsewhere. Next month we will launch our sister service RationalFX for Czech and Slovak businesses.”
Rational Foreign Exchange Ltd – owners of Xendpay.com - has over six years of expertise within the field of international payments and over $2 billion worth of safe, secure and successful money transfers have now been completed.