Trust Payments expands FX broker business with new Cyprus operation

London based, FCA and Malta licensed payment solutions provider Trust Payments has announced the opening of a new office in Cyprus.

The company said that the new office accelerates Trust Payments’ continued growth, enabling the organisation to build on its extensive list of foreign exchange (forex) clients and partners. Local staff will help to provide customer service and operational support teams to drive unique end-to-end solutions in the sector.

Trust Payments said that it will use the new office to spearhead the creation of an EU and US payment ecosystem for the global forex market, as well as for offering innovative payment methods in crypto. The decision to expand Trust Payments’ financial services solutions to the EU island nation was a result of the company’s strategy to meet more forex clients in person and build better business relationships.

Forex merchants based in Cyprus will benefit from easy access to innovative pay-in and pay-out solutions for individuals who trade on any forex platform. By facilitating payments and ensuring that merchants can receive settlements quickly and securely, any EU, US and EEA forex brokerage activities can be executed and set up seamlessly.

“Investing in Cyprus to support our merchants and offering local expertise is important for Trust Payments and will enable us to service our global merchants better,” says Steve Ford, Head of Sales, Trust Payments.

”Cyprus is a major hub for Forex. With many of our current merchants, as well as EU and EEA regulated companies being on the island, this new office enables us to meet both current and future merchants face-to-face discussing new innovative payments methods in crypto and bank transfers to drive Converged Commerce™. We are looking forward to building stronger relationships and using our expertise to help them grow in a very tough market,” adds Luke Hinchliffe, Senior Sales Manager, Trust Payments.

With this expansion, Trust Payments continues to support the financial services sector to drive improved operational support and payment competitor advantage for existing and new clients in this sector.

Trust Payments is a disruptive leader in fintech, providing on-demand Payments and Banking-as-a-Service services to help businesses grow and scale online, in-store, and on mobile. The company combines these services with powerful tools, such as loyalty management and instant eCommerce, engaging new innovative payments methods in crypto and bank transfers to drive Converged Commerce. Focusing on the SME sector in the UK, EU and US, Trust Payments drives value for clients through personalised services, secure and frictionless payments, and innovative products.

Trust Payments has a global footprint, with over 400 people across 10 offices supporting the most demanding business sectors, from travel and hospitality to crypto, gaming, and financial services, and an acquiring network of over 50 global banks and hundreds of alternative payment methods. It holds Visa and Mastercard Principal Memberships in the EU for cross-border business, is licensed by both the Malta Financial Services Authority and UK Financial Conduct Authority, and holds licenses in seven US States to carry out regulated payments in gaming.