Moneycorp and Tempus alliance targets growing band of Americans investing overseas
UK-based moneycorp is expanding into the US via a strategic alliance with Tempus. The two forex and international payments firms will launch 'moneycorp Powered by Tempus' in the US which aims to give consumers and corporations hands-on control of cross currency payments for living a global lifestyle, as global mobility in people and funds looks set to grow over the next five years. Many Americans nearing retirement are reportedly exploring the option of living in warmer climates in countries with a lower cost of living, while others are buying property and homes around the world or sending their children to colleges overseas. According to a recent survey by Global Investor Intentions, planned spending in the global real estate market will top $1.16tn in 2016.

Source: Moneycorp

Leading foreign exchange and international payments provider moneycorp, has formed a strategic alliance with Tempus, Inc. - a Washington DC-based provider of corporate foreign exchange and international payments - to launch moneycorp Powered By Tempus in the US.

The new offering provides US consumers access to a global network for international currency trading and payments, supported by advanced technology and strengthened processing efficiencies for consumer foreign exchange and payments in the US. moneycorp Powered By Tempus aims to put currency payment control firmly in the consumer's hands to meet their cross currency needs, including purchasing international real estate, paying for expatriate living expenses and living a global lifestyle.



A recent survey by Global Investor Intentions indicates planned spending in the global real estate market in 2016 will top $1.16 trillion, a 3% increase over 2015 levels in local currency terms. Many people nearing retirement in the US are exploring options of warmer climates, and in some countries reduced living expenses. These expatriates have a variety of ongoing funding needs from living expenses to travel funds to medical expenses, creating a greater need to convert US Dollars to other currencies securely, quickly and transparently.



Kelly Cutchin, Country Manager at moneycorp USA stated: "Americans are buying property and businesses around the world. They are sending their children to colleges from China to London and traveling far and wide, looking to live within the communities they are exploring. With moneycorp Powered By Tempus, they now have a way to quickly and with improved timing, control and buy other currencies at an excellent value."



"The next five years will see a growth of global mobility in people and funds," added David Carrithers, Consumer General Manager at moneycorp Powered By Tempus. "The old model of a local in-country bank as a consumer's only point of support on currency conversion and payment has shifted. Now specialty providers of services that go deep and are targeted on a specific financial need, like moneycorp, are providing competitive services."



Moneycorp has an extensive global affiliate network, supplying partners with International Payment services, which they offer on to their customers. From Real Estate Agents to Law Firms, moneycorp serves some of the largest brands in the UK including The Daily Telegraph, The Daily Mail and the Post Office, and recently signed a deal with media giant CNN.