Thredd powers OFX expansion into APAC, US markets

The offering includes real-time spend controls, automated expense management, and multi-currency capabilities

Global payments processor Thredd is continuing the growth of its partnership with OFX, the global payments and foreign exchange specialist. Following successful launches in Australia, Canada, and Europe, OFX is now expanding its corporate card program into select APAC markets and US, powered by Thredd’s processing platform.

Thredd will provide the processing backbone, compliance expertise, and in-market support to enable OFX to deliver both physical and virtual corporate card programmes. The offering includes real-time spend controls, automated expense management, and multi-currency capabilities. In addition to core processing, OFX also adopted Thredd’s fraud transaction monitoring tools.

The collaboration is designed to provide OFX with a single platform to support its multi-region expansion, allowing the company to bring enterprise-grade card programmes to market quickly and compliantly. OFX’s integrated platform combines card issuing, spend management, FX solutions, and payments to give businesses control over their cash flow and expenses.

With a single platform and global reach, Thredd is helping OFX bring powerful, enterprise-grade card programmes to market quickly and compliantly, said Jim McCarthy, chief executive officer of Thredd. Our collaboration is proof that expanding internationally can be seamless, especially with the platform, people, and partnerships Thredd brings to the table.

Jaco Veldsman, global head of non-FX at OFX, commented: The incredible team at Thredd, along with their deep expertise and global infrastructure, has enabled us to launch and rapidly scale our innovative platform, which combines card issuing, spend management, FX, and payments at record speed.

Veldsman further said: With a single partner supporting our multi-region expansion, we can focus on delivering smarter, more secure, and more connected payment experiences for our clients worldwide.