Diversify into a Myriad of New Foreign Markets

Jan. 9, 2013 - PRLog -- Foreign direct investment is on the rise worldwide. In Australia alone, foreign direct investment (FDI) has skyrocketed by an annual average rate of 8.5% since 2006, according to the Trade & Investment department of the NSW government.

“With the opening up of new markets, foreign investors increasingly need a quality cross-border payment strategy,” Paul Monsted, managing director of Technocash Limited says.

A quality global payments method, such as Technocash supports transactions in many different currencies, facilitating your business’s global trades. Visit http://www.technocash.com/pages/open-new-markets.cfm to find out more about how having a Technocash Account helps your business venture into new markets.

Multi-Currency Account, Multiple Opportunities

Different currencies used in various countries often complicate international payments. For example, wire transfers, a common cross-border payment used by businesses are often associated with multiple currency conversion costs, especially if intermediary banks are involved.

Account to account transfers in the Technocash system are instant and allow businesses to receive and send payments in many different currencies, greatly minimising currency conversion costs and processing fees. Does your business plan to invest or set up operations in flourishing financial centres such as London, Hong Kong and Johannesburg? Technocash’s multi-currency account enables you to access GBP, HKD and ZAR, currencies used in these financial hubs.  

Take Your Brand Worldwide

The opening up of many economies in the last few decades have enabled businesses to take their brand worldwide. Global expansion into foreign markets is a good way of boosting brand recognition and increasing sales and profit.

Is your business planning to venture into the global marketplace? Technocash offers a cross-border payment strategy that eases receiving and sending payments globally. Contact marketing@technocash.com for more information on venturing into foreign markets with a Technocash Account.