“Old School” Customer Service Meets 21st Century E-commerce
You would have to search long and hard to find a company that has more practical experience regarding international financial transactions, currency movement and efficient wire payment services than Western Union. They were on the frontier of currency movement while most foreign exchange account managers were still in diapers.
That is why MosaicaFX is honored to be working with Western Union as one of their Preferred Partners in the global foreign currency industry. To be sure, many foreign currency exchange management companies would love to partner with Western Union (WU). However, just as we at MosaicaFX are very selective on whom we will partner with….the same can be said for Western Union.
This new relationship will benefit our MosaicaFX clients on many levels. If you are a MosiacaFX client, you will still benefit from our world-class customer service and above reproach foreign currency experience in helping you identify and formulate strategies to protect your profits originating from global markets. However, with our preferred partnership status now with Western Union, we will have even more tools and options available to support your global business needs
Who Hasn’t Heard of Western Union?
A group of businessmen from Rochester New York organized the New York & Mississippi Valley Printing & Telegraph company in 1851. In 1856, they officially changed the name of their company to Western Union. In 1861, Western Union built the first transcontinental telegraph line and the rest is pretty much history.
From the 1960’s forward, WU began handling the nation’s telegrams, foreign and domestic money orders and millions of international telegrams. As analog communication eventually turned into digital and microwave based communications…Western Union continued to grow its sphere of influence.
Today, Western Union Business Solutions is considered one of the fastest growing, most reliable and innovative foreign market (currency) trading entities available. As Western Union has continued to expand its capabilities in the foreign exchange markets, they have made a concerted effort to locate and partner with companies that reflect these same capabilities.
Western Union + MosaicaFX = $$$
What does this new partnership mean to a MosaicaFX client? The short answer is that we are now able to bring even more assets to bear to support our client’s business efforts. By partnering with WU, new options are available to many traders and business clients who rely on the foreign exchange markets that didn’t exist before. Some of those are listed below:
- Next Day Payment Capabilities
- Direct Assignment of Payments to Vendors
- Pre-consulting Account Agents to Provide Options and Business Payment Models
As an example, next day payment capabilities can help your company more effectively manage cash flow and direct payments to vendor’s means that being offered terms like “2% 10 Day, Net 30,” is no longer wishful thinking but now a strategy to realize an additional 2% of profit on your transactions.
The vast majority of SME’s surveyed expect to derive up to 50% of their revenues internationally in five years time. [Source: Economist Intelligence Unit, 2014]. Now is the time to consider the advantages and options that WU can provide your business through MosaicaFX.
If you are involved with international trade, volatile currency movements can be the difference between a transaction being profitable or simply generating a loss on your ledger. Managing these risks can be crucial to the success of your business.
Understanding and managing currency fluctuations are important to your international business model. This means recognizing the time frame available to you to receive and/or make international payments is critical to this effort. While you are focused on the nature of your business transaction, it is important that you have a currency trading partner who can remain diligently focused on the currency portion of your efforts.
It is only through such an understanding that decisions can be made as to which hedging tools may be needed to secure your profits. There are a huge range of tools available to businesses of all size including forward contracts, stop losses, hedging strategies, market orders, future payments etc. Due to our unique partnership with Western Union our clients can enjoy better rates and mitigated fees while accessing these various tools.
Welcome to the Newest Flagship Partnership in the Currency Markets!
With this new paring of Western Union and MosaicaFX, our clients will enjoy access to even greater assets to manage foreign currency exposure, optimize cash flow and protect your profits. Schedule an appointment with a MosaicaFX Account Manager today to learn more about this unique new partnership with Western Union and what it can mean for your business today!