AFEX Continues Global Expansion in Spain

AFEX Continues Global Expansion in Spain
14.03.2016 07:45 am

AFEX Continues Global Expansion in Spain

Payments , Infrastructure

AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, has announced the opening of a new office in Madrid. Strategically located in Spain’s financial centre and growing commercial hub, the office will serve Spanish businesses that have exposure to the international markets.

Spain has a thriving and growing export market with the value of exports increasing by 4.7% in 2015 to reach an all time high of €250.2 billion(1) but is underserved when it comes to foreign exchange and international payments services. AFEX has identified an opportunity to extend its expertise and high-touch service to help businesses in Spain optimize their international transactions and manage their FX risk.

“Spain is a particularly attractive market for us and we are excited to announce the opening of our office in Madrid,” said Anthony Rea, EMEA Sales Director at AFEX. “The city is a major economic hub in Europe and home to a diverse range of businesses that we are certain will benefit from our tailored payment and treasury management solutions.”

The office, which is located on Pasco de la Castellana, is headed up by Fernando Cid Cardenas, Director for Spain, and opens with seven permanent employees. It is AFEX’s first office in Spain and joins its existing network of offices across Europe, the US, Canada, Australia and Asia.

Cardenas said: “AFEX’s goal is to provide flexible and comprehensive global payment, treasury management and foreign exchange solutions that are unmatched in the industry. We look forward to utilising our expertise, experience and high-touch service to assist clients across Spain with their international payments.”

Related News

Mastercard: Contactless payments have become the “new normal” across the UK

As Mastercard reveal that 66 per cent of all transactions across the UK are now contactless, new research released today identifies consumer habits and viewpoints that mean... Read more »

South Africa’s Mama Money Expands Global Reach with Western Union

Western Union, a leader in cross-border, cross-currency money movement... Read more »

SatoshiPay Secures €550,000 investment from Stellar Development Foundation

The Stellar Development Foundation ("SDF") has made a strategic investment of $550,000 by way of convertible loan notes. This investment marks the third investment made by SDF... Read more »

Enfuce powers payments in MaaS Global’s revolutionary mobility app

Maas Global, the leading Mobility as a Service provider, has partnered with Enfuce – Finland’s largest fintech startup – to launch a card payment offering in Whim, MaaS Global’... Read more »

Modern Card Issuing Leader Marqeta Valued at $4.3B in Latest Round

Marqeta, the global modern card issuing platform, announced today that it has raised an additional $150 million in new... Read more »

Paysend calls for accelerated post-crisis FinTech innovation

UK-based FinTech firm Paysend has called for an industry-wide acceleration of innovation across FinTech and payments in response to the global coronavirus situation. Sweeping... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel