SAN FRANCISCO & SYDNEY–(BUSINESS WIRE)–Foreign currency exchange company OFX
(ASX:OFX) today announced the launch of a developer portal, designed to
provide the global developer community with easy access to the company’s
new Payments API.
OFX aim to remove obstacles for international businesses that want total
confidence when building cross border payable and receivable processes.
Partners such as marketplaces, service platforms and SMB’s can now
automate all international payments directly through their own platform
and participate more freely in the interconnected global economy, with
access to OFX’s competitive exchange rates and domestic settlement
network. For developers, the portal offers personalised dashboards to
create and manage applications with plug and play RESTful APIs, clear
documentation, high industry standard service level agreements (SLAs)
and an analytics dashboard.
David Nicholls, Director of Enterprise Development at OFX commented:
“Our new platform gives our integrated partners the ability to scale
globally and accelerate the software build processes. Most importantly
they save on foreign exchange rates and largely bypass expensive wires
by accessing one of the worlds largest local settlement networks. We
launched a beta version in November last year, and our early adopters
are reporting easy integrations. Now the platform is open for any
developers to register and try our Payments API Product in the sandbox
environment. We have an extensive roadmap to add features to the
platform so partners and developers can take advantage of the increasing
suite of OFX services via API. We’re committed to helping our customers
manage the pace and complexity of cross border business.”
Developers at supply chain finance solutions company Octet have seen
immediate process efficiencies: “Our team were confident that the OFX
Payments API was simple and easy to work with and superior to the
alternatives on the market. Once the decision was made, we were
fully integrated within a couple of working days,” said Octet chief
operating officer Michael Rom. “We saw our processing costs drop
significantly over six months.”
“As the world moves to a place where automation, scale and efficiency
are a basic need, the OFX team are striving to build products which
foster partnerships with businesses and developers, to help shape
long-term digital payment innovation,” said Skander Malcolm, CEO at OFX.
A global company with its North American headquarters in San Francisco,
OFX continues to focus on advancement in the tech, product and payments
space. Founded in Sydney in 1998, OFX remains an innovator as the first
Australian Fintech to launch an International Payments API on a
self-serve developer platform.
Interested parties can register
here to access the OFX developer portal.
gives consumers and businesses a smarter, online and mobile alternative
to existing currency exchange services. Since its launch in 1998, OFX
has transferred more than $100B in 55 currencies across the globe.
Drawing from two decades of experience, OFX Group is a leading global
money transfer business, with over 300 employees and offices in San
Francisco, Sydney, Toronto, London, Hong Kong and Auckland.
The OFX Group Limited is a publicly listed entity on the Australian
Securities Exchange (“ASX”) under the code “OFX.” The OFX Group
consolidated services under the global brand OFX from prior brands
OzForex, UKForex, USForex, CanadianForex, NZForex, Tranzfers and
ClearFX. OFX also powers the international money transfer services of
Travelex, MoneyGram, ING Direct, Macquarie International Money Transfers
and other international financial institutions. USForex Inc. dba OFX.
OFX is the registered trade name for USForex Inc. a licensed money
transmitter. NMLS #1021624. For more information on OFX, visit