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Weekly Round Up – 7 August 2020

Weekly Round Up – 7 August 2020

The Rand saw volatile but convincing weakness against the Dollar this week.
Weekly Round Up – 31/07/2020

Weekly Round Up – 31/07/2020

In our weekly round up this week, we look at some important data released and the affect this has had...
Supporting start-ups amid the devastating effects of COVID-19

Supporting start-ups amid the devastating effects of COVID-19

We’re proud to be the transaction partner for a start-up, Rogue and Vogue, a fitness clothing range born from the...
When big FinTech’s get it wrong!

When big FinTech’s get it wrong!

The money remittance industry is changing rapidly with a many of the UK fintech businesses leading the charge. There seems...
Does size really matter?

Does size really matter?

Transferring money directly through a bank is expensive. This is because the margin and fees applied by the bank are...
Effective currency management is about information and decision making.

Effective currency management is about information and decision making.

Recent market volatility across many of the major currencies is becoming a growing concern for many South African businesses. Considering...
Banks under pressure, responding to a new reality.

Banks under pressure, responding to a new reality.

Customers with connectivity at their fingertips are demanding cheaper, faster, and better financial products, services, and experiences. Not that long...
Beware of Bank fees they’re killing your business

Beware of Bank fees they’re killing your business

A warning to international businesses, bank fees are unnecessary and killing your business. FX Paymaster educates South African businesses that...
South Africans are taking advantage of a pricing disparity that exists between Bitcoin Exchanges

South Africans are taking advantage of a pricing disparity that exists between Bitcoin Exchanges

South Africans are taking advantage of a pricing disparity that exists between overseas Bitcoin Exchanges and South African Bitcoin Exchanges....
How Fintech Partnerships can work best for Small Businesses

How Fintech Partnerships can work best for Small Businesses

What does the future of retail banking look like in a period of tremendous economic uncertainty? COVID-19 has had a...
Four Factors Shaping the Future of International Payments

Four Factors Shaping the Future of International Payments

The international payment landscape is evolving rapidly. These days, customers demand simple products, better rates, lower costs & increased transparency,...
Traditional banks need the Fintech Industry To Create Better Payment Solutions

Traditional banks need the Fintech Industry To Create Better Payment Solutions

The global economy is constantly growing and evolving, why then have the traditional banking system not upgraded to meet the...
How to future-proof your business in a struggling economy.

How to future-proof your business in a struggling economy.

1. Understand your customers’ needs Today’s customer may be very different after all of this.. You may believe the best...
Three essential factors influencing currency markets, we need to watch.

Three essential factors influencing currency markets, we need to watch.

Ahead of the 21-day lockdown period, we have been flooded with calls from clients who are looking for support and...
Dealing with coronavirus – an update from FX Paymaster

Dealing with coronavirus – an update from FX Paymaster

The Rand has taken a huge hit these last 2 weeks due to the coronavirus pandemic. Markets are clearly concerned...
How to shield your business against a falling Rand

How to shield your business against a falling Rand

The aim of this guide is to help businesses understand their forex risk. What can you do to protect your...
How to streamline your international payments and save hours.

How to streamline your international payments and save hours.

• Is your bank giving you the forex support you need? • A smart NEW forex payment platform designed to...
Currency Insight – Learn how to access the same pricing as large corporates

Currency Insight – Learn how to access the same pricing as large corporates

Foreign exchange is all about volume, the more you transfer the better the price you get. Most SME’s don’t have...
Our Journey

Our Journey

The story of FX Paymaster. We founded FX Paymaster in 2015, with a vision to introduce a digital payment solution...
fx paymaster ramp up marketing strategy to take on local banks

fx paymaster ramp up marketing strategy to take on local banks

We’re causing some much-needed commotion in the South African financial services community by redefining the way foreign exchange payments are...
Make your move to Australia easier with fx paymaster

Make your move to Australia easier with fx paymaster

‘Brand Australia’ is recognised all over the world. The very mention of the word Australia evokes images of stunning scenery,...
Use rate alerts to stay on top of currency volatility

Use rate alerts to stay on top of currency volatility

The South African Rand is considered the world’s most volatile major currency. Unfortunately, this looks set to continue.  The Government...
SA’s leading payment provider fx paymaster is revolutionising the payment space

SA’s leading payment provider fx paymaster is revolutionising the payment space

If you’ve been following fx paymaster’s journey over the last four years, you’ll be aware of their unwavering commitment to...
How does fx paymaster compare to local banks?

How does fx paymaster compare to local banks?

fx paymaster is on a mission to bring fair and transparent pricing to the South African payment market. Most SME’s...
SA Importers are leaving millions on the table for banks.

SA Importers are leaving millions on the table for banks.

Thousands of South African importers all over the country are paying foreign suppliers and without realising it, leaving millions on...
There is no such thing as Exchange for Free

There is no such thing as Exchange for Free

SA Banks have been over-charging SMEs for years. For years, South African businesses have been overpaying to transfer funds abroad...
How do I know if I’m getting fair rates from my bank?

How do I know if I’m getting fair rates from my bank?

In addition to the reduced transfer fees, the difference in exchange rates could easily equate to annual saving of tens of thousands of Rands.
Rand News: Rand suffers 5th Straight Day of Losses

Rand News: Rand suffers 5th Straight Day of Losses

The first article I came across this morning was titled ‘Rand on the Ropes’, to be honest it looks like...
Rand News: Rand Drops 2% Against the US Dollar in Overnight Trade

Rand News: Rand Drops 2% Against the US Dollar in Overnight Trade

Coming to you this morning from our Johannesburg office and it looks like it’s not just the weather that’s taken...
South Africa Rand takes a beating as SA enters a technical recession

South Africa Rand takes a beating as SA enters a technical recession

The main news out yesterday, "South Africa enters a technical recession".  This hit the Rand even harder yesterday with a...
Learn HOW to manage your FX risk in times of extreme volatility

Learn HOW to manage your FX risk in times of extreme volatility

We’ve had a lot of requests recently from clients asking for more information about FECs and how to use them...
Rand consolidates, gives up some gains.

Rand consolidates, gives up some gains.

Rand consolidates, gives up some gains. The rand lost 1.4% against the dollar yesterday, as the trade war between US...
Daily Rand Traders View – 11th July 2018

Daily Rand Traders View – 11th July 2018

USD/ZAR I thought we would see the market consolidate more yesterday but it looks like we’re seeing a bit of...
Daily Rand Traders View – 10th July 2018

Daily Rand Traders View – 10th July 2018

We’ve seen a big move on the Rand in the last week, the question now is, what to do about...
The Rand is gaining ground in the wake of softer US data.

The Rand is gaining ground in the wake of softer US data.

The Rand is gaining ground this week in the wake of softer US data. We’ve broken a couple of key...
Daily Rand Traders View – 2nd July 2018

Daily Rand Traders View – 2nd July 2018

As the bad weather closes in expect another tough week for the Rand. A difficult week for the Rand last...
Banking is necessary, banks are not.

Banking is necessary, banks are not.

Bill gates said it in 1994, “Banking is necessary, banks are not”. The South African banking environment is evolving rapidly....
USD/ZAR stays low as US interest rates are increased

USD/ZAR stays low as US interest rates are increased

We still think this Rand is going higher, and only a close below the short-term trend line will show us...
What is a SWIFT CODE?

What is a SWIFT CODE?

When making an international payment, you’ll need the full beneficiary name, account number, bank name, bank code and Swift code....
4 Tips to help you expand your business overseas

4 Tips to help you expand your business overseas

If you’ve decided to expand your business overseas then chances are you’ve probably considered some of the issues we’ve highlighted...
How do I set up an fx paymaster Account ?

How do I set up an fx paymaster Account ?

The quickest and easiest way to set up an account with fx paymaster is to register online. We’ve streamlined our...
How to pay international Suppliers

How to pay international Suppliers

How important is it to consider the way you pay foreign suppliers? Better exchange rates can make a big difference...
Choose the right payment partner

Choose the right payment partner

If your South African business imports or exports products, then chances are you need to make regular international money transfers....
Reduce your FX Risk on Future Payments

Reduce your FX Risk on Future Payments

If your business Imports or Exports, then you are exposed to exchange rate risk. Whatever industry you’re in, volatility in...
How do I transfer money to a foreign bank account?

How do I transfer money to a foreign bank account?

Transferring money from one country to another shouldn’t be slow and painful, it should be quick and easy. It’s only...
South African Rand move back up to 12.52 highly anticipated

South African Rand move back up to 12.52 highly anticipated

USD/ZAR - The Rand regained 50% of its losses from Monday/Tuesday Possible best buying today around 12.40 with a move...
US dollar blasts through 12.45 against the Rand

US dollar blasts through 12.45 against the Rand

The US dollar blasted through 12.45 level yesterday and all the way up to 12.65 versus the Rand. Opening this...
Case Study – Emigrate to Australia

Case Study – Emigrate to Australia

I used FX-PRO to transfer funds to Australia. Foreign exchange rates move by the minute, so timing can have a...
5 Must-Know Tips

5 Must-Know Tips

Protect your profits, cut your FX costs and hedge your FX risk Benchmark your bank. Use an intermediary broker to...
1 Minute guide

1 Minute guide

In this article, we aim to break down the complexities of one of the most underrated forex products available in...
Four Factors Shaping the Future of International Payments

Four Factors Shaping the Future of International Payments

The international payment landscape is evolving rapidly. These days, customers demand simple products, better rates, lower costs & increased transparency,...