Payments firm Moneycorp enters French market. Credit: Anthony Choren on Unsplash.

Payments services and foreign exchange provider Moneycorp has strengthened its presence in Europe with the launch of its business in France.

Based in Paris, the new Moneycorp France unit currently employs six people. The company intends to quadruple its workforce next year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Moneycorp France will be led by Cyril Léger, who has two decades of experience in offering treasury and FX services for both fintechs and banks in France.

The firm aims to serve various corporate customers such as financial institutions, banks and enterprises with integrated payment solutions.

It will offer a range of payment and foreign exchange products for catering to the requirements of small and medium sized businesses.

With the launch of Moneycorp France, French firms are expected to receive an alternative solution to their legacy banks and providers. The launch is said to offer these firms access to smart technology as well as competitive pricing.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Moneycorp EMEA CEO Koen Vanpraet said: “France is our sixth office in Europe, the Middle East and Africa region, which also includes the UK, Ireland, Spain, Romania and Dubai.

“This is a key milestone that exemplifies our ambitious growth plans in Europe and in the fintech payments space, and we look forward to furthering our success with the launch of Moneycorp France.”

In January this year, Moneycorp Americas announced the expansion of its in-country payment offerings.

The move saw the company provide access to alternative payment rails in APAC, LatAm, and Africa.