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The foreign currency exchange provider XE. com has repositioned itself in the financial services market as an international money transfer service, xe foreign exchange. In this post we will take a closer look at the story of XE and how it managed to reinvent itself in this very competitive niche.
It quickly started gathering an audience. However, simply providing up to date currency information to users was not exactly the most lucrative business model. Indeed, the dot. With this in mind, it was time to adapt; the next significant evolution in the XE story came in when with the internet now firmly established as a major business tool, they launched their own money transfer service.
Co-founder Beric Farmer has long emphasised how these early efforts to grow the site set them up xe foreign exchange long term success and continued longevity. At this point it is worth reflecting that at the time, anybody wishing to make an international money transfer whether private or business was largely reliant xe foreign exchange their bank to handle it and as you presumably know, this can prove very costly. Whilst money transfer service providers did exist, prior to the internet they just seemed inaccessible for many customers — especially casual ones.
As such XE had identified a potentially buoyant market. Now approaching its 30th year of existence, the longevity of XE is truly remarkable. Three decades is a long lifespan for any website, especially one operating in the uber-innovative and cut-throat finance oriented dotcom space. This is largely because of a continued emphasis xe foreign exchange tech and UX. The XE iPhone app was launched inless than one year after the App Store had launched which placed XE firmly at the front of the xe foreign exchange. That said, they did not weather the storm completely alone.
But, xe foreign exchange, even following the equation, the XE brand continues to thrive in its own right. Despite offering money transfers for 20 years now, a lot of people still think of XE as more of a source of free information than an actual financial service provider.
To this day many users still use the XE app to find out the up to date forex rate before going elsewhere to complete an actual transfer! XE and their owners are acutely aware of this and Euronet responded by aquiring Ria in and HiFX xe foreign exchange another big name in money transfers- in and merged it with the XE brand.
Speaking at the time of the merger, xe foreign exchange, CEO Mark Ladsham stated that. We know that a large percentage of these users are interested in the rate because they are considering the timing of an international payment. By combining XE with HiFX we can better support those users with their ultimate need rather than just helping them with the rate information part. They offer international money transfers to different countries in over different currencies. By way of comparison, their xe foreign exchange rival Currencies Direct offers transfers in 63 currencies and new contender Wise just Exchange rate GBP : £3.
As we said, the fin-tech sector is a truly dynamic one. How XE. com Reinvented Itself As a Money Transfer Provider Share this. How XE Adapted To Survive Now approaching its 30th year of existence, the longevity of XE is truly remarkable.
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The foreign currency exchange provider blogger.com has repositioned itself in the financial services market as an international money transfer service. In this post we will take a closer look at the story of XE and how it managed to reinvent itself in this very competitive niche. The Story of XE XE Currency Tools Currency Tools Whether it’s for business, shopping, or travel, XE’s currency tools are FREE and easy-to-use. Try the web’s most used currency calculator- the XE Currency Converter. Determine credit card and foreign exchange charges, and even keep track of your expenses when travelling abroad With over 18 million monthly users, XE is the trusted choice for the latest currency rates and information. Access free live rates, currency tools, and market analysis using the most accurate data. XE - The World's Trusted Currency Authority: Money Transfers &
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