Xendpay.com to launch Czech and Slovak websites

We are pleased to announce that Xendpay.com will be the first website of-its-kind to facilitate payments to and from the Czech Republic and Slovakia in local languages by launching both Czech (www.xendpay.cz) and Slovak (www.xendpay.sk) versions of Xendpay. 

As some banks in the Czech Republic and Slovakia are not providing international payment transfers, and those that do are charging high fees to their clients, our low charges will save individuals tens of millions of US dollars per year. Our affiliation with the Czech bank Uni Credit will mean that customers looking to transfer money safely and securely to and from the Czech Republic and Slovakia can do so now in a way that is cheaper, quicker and simpler using local bank transfers or via debit/credit card using the Xendpay.com platform.

Xendpay.com is available in most countries, including the Czech Republic and Slovakia, in 45 currencies, including Czech Koruna and Euro, and now in 10 languages.

We believe that the launch of the Czech and Slovak versions of our website will be a largely welcomed development to the growing number of emigrants and immigrants to and from the Czech Republic and Slovakia, helping to serve the needs of the countries’ estimated $3 billion remittance market.

With nearly 16 million residents in these countries, about half a million immigrants and a near 4 million  Czech and Slovakian emigrants worldwide, this is just one of the many reasons why the Czech Republic and Slovakia are key growth markets. Despite the disintegration of Czechoslovakia in 1993, both countries maintained close relations, with Slovakia becoming the top emigration destination for Czechs and vice versa. Other popular emigration destinations for both nations include Germany, Austria, the UK, Italy, Ireland and Spain. 

Furthermore, with foreign trade turnover in both the Czech Republic and Slovakia steadily growing and with exports being the driving force of the countries’ economy, we can facilitate international payments between both countries and their export partners, such as Germany, Poland and France. 

In speaking about the launch of the Czech and Slovak versions of Xendpay.com, Jake Holloway, the Head of Xendpay.com says: “Xendpay.com is the world’s leading pure-play online money transfer service.  We are rolling out new languages and services almost every few weeks and we will not stop until we have covered the whole world. Our focus is low cost – and our market research tells us that this will appeal to Czech and Slovak migrants in Germany, UK and elsewhere.  Next month we will launch our sister service RationalFX for Czech and Slovak businesses.” 

Our sister company Rational Foreign Exchange Ltd has over six years of expertise within the field of international payments and over $2 billion worth of safe, secure and successful money transfers have now been completed. Rational is one of the world’s leading and fastest growing independent foreign exchange companies, and is also the principal sponsor for Birmingham City Football Club for Season 2011-2012.

The launch of our Czech and Slovak sites has been featured on Finextra the leading independent newswire and information source for the worldwide financial technology community and HN online.sk which is an influential Slovak national newspaper which primarily has an emphasis on the Slovak economy. Please click on the images below to read the articles.

Make a money transfer now on our Slovak website, or transfer money via the Czech version of Xendpay.