We have been through an in-depth procurement process in order to find the right international transaction provider. After getting in contact with 134 providers, we ended up using Nium. Our due diligence concluded that they had performed the best across all, and were able to meet our combined requirements.
The most important factors in which we considered were;
Exchange rate fee
Country and currency coverage
Here is the official answer from our provider, who answers the question above;
- To clarify, Masspay is Niums platform.
- When the abbreviation API is used, it is simply a software term which is defined as Application Programming Interface. When referred to in the above email, it means that systems have been put in place which allows Nium to integrate with Reuters.
The rates mentioned in the above mail is presented in this table below;