MoniPlus FX Partnerships

Your own currency brand powered by our expertise and software

A highly customizable, fully hosted currency service.

The MoniPlus FX white label enables partners to deliver to their clients an online, twenty four hour, currency exchange and payments service. The white label attracts no entry costs, access to our industry leading technology and payment networks with profit shares in currency exchange income and fees adding a revenue stream to your business.

  • The MoniPlus FX white label provides the ability for our partners to provide currency exchange and payment services to their customers.

  • Our partners receive a fully branded customer website where customers can view live exchange rates, transact currency, pay to beneficiaries worldwide, view their account history and manage account information and user permissions.

  • Our partners also receive access to their own back office management application where they can transact for customers by phone or in branch, manage customer accounts and also receipt customer funds for on payment to MoniPlus FX.

Add a new revenue stream to your business

Profit is generated on each transaction through a margin applied to the currency wholesale rate and also on fees charged for payments. This profit is shared on a percentage basis and can be viewed in real time. You can set specific margins and fees either globally or on a customer by customer basis and view profit and fee revenue reports in real time.

A much better deal for your customers

With the MoniPlus FX white label you eliminate a lot of the overheads involved with running a currency division, and being available 24/5 online helps keep your clients happy.

Add to this our extensive payment network paying through local accounts in many countries helps eliminates receiving bank fees ensuring your customer receive the full amount of currency they purchase.

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The Currency Service

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Currency Exchange

Customers can either transact
online or by phone.

Exchange rates are live and
update every thirty seconds
ensuring the customer receives
a valid and competitive quote.

Customers can use limit orders
to specify a better than market
rate that is then monitored and
the transaction executed if the
customers rate is reached.

Pricing for customers can be
managed globally or specific
pricing added to a customer
account ensuring the service
remains competitive.

Currency Settlement

After accepting a transaction
customer makes settlement of
sold currency to the white label‘s bank account.

The white label will
receipt customer funds and
then pay bulk settlement to
MoniPlus for value same day.

MoniPlus will then pay the
beneficiary bank account
ensuring most transactions
settle within one day.

Customer receives automatic
notification of receipt of funds
and beneficiary payment from
the white label.

Compliance

Customer and counter party
compliance is handled by
MoniPlus FX.

All new customers must provide
identification in order to access
the service.

Customers provide
identification through the
customer website or direct to
the white label who will
upload to the back office.

PEP name scanning is
conducted by MoniPlus FX and
the white label is notified
if any customer account
requires investigation.

Customer Transactions

  • Customers can transact via the customer website or phone or in person through the back office.  You can outsource the complete customer service function to MoniPlus FX if you desire.

  • Currency rates are updated every thirty seconds twenty-four hours per day.

  • Once a customer accepts a transaction the management of the currency position is passed to Demo Bank eliminating risk

  • Demo Bank will purchase the required currency from a counter party to ensure delivery to the customers beneficiary on value date.

  • Value date is generally the next day or in some cases will be two days from contract date.

  • Any customer settlement that is not paid by the customer will be extended by one day or can be cancelled if required.

The Daily Settlements Process

Step by step process.

Step 1

Customer Accepts Transaction and Pays Partner

Upon acceptance of the quoted exchange rate by the customer, the customer wil receive confirmation that includes the bank account details to pay their settlement too.

In cases where currency accounts are not available the partner can utilize MoniPlus FX accounts.

Step 2

Partner Receipts Customer Funds and Pays to MoniPlus

Partners import bank statement into the back office management application and receipt customer funds. Once receipted an email confirmation is generated to the customer.

The view total settlement due MoniPlus FX and pay in bulk for each currency for value today.

Step 3

MoniPlus FX Release Beneficiary Payments

Upon receipt of bulk settlement from the partner MoniPlus pay counter parties for value same day and beneficiary payments are released.

Customer receives confirmation email from the partner that payments have been made, the beneficiary can also receive a confirmation email.

Step 4

Customer Account History Updates.

The customer can view both the receipt and payment information on the partner Customer Website.

Next Steps

1. See what we can deliver.

We can provide a demonstration on he full functionality of the application at a time and place of your choice. We can arrange a visit or provide a demonstration over a secure web meeting.

2. There are just a few squares to tick before you embark on your new venture with MoniPlus FX.

  • We provide our standard terms and conditions for your approval. They are straight forward and outline our obligations and the revenue share.

  • A review of compliance regulations is required to ensure both parties are meeting regulatory requirements.

  • We assist in the set up of the regulations and processes for your currency division.

3. Success

We will grant you unrestricted access to the application and knowledge base and your business can go live in as little as a day! As with the launch of any business meticulous planning is recommended and we assist here with user acceptance testing and legal documents. Should you require any further guidance or assistance, MoniPlus FX expertise will be at your disposal.

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