OpenFX Acquires Payments Firm Embed

Cross-border payments specialist OpenFX has announced its acquisition of Dutch payments infrastructure provider Embed. This strategic move grants OpenFX a crucial regulated foothold within the European Economic Area and the United Kingdom. Embed possesses the necessary licenses across all EEA states and the U.K., authorized by the Financial Conduct Authority. The acquisition is expected to significantly enhance OpenFX's operational capabilities and market reach in these key international regions, streamlining cross-border transactions for its clients.