Xendpay

Xendpay is a foreign currency exchange and international money transfer service, allowing people to transfer money around the world over the internet. There are English, German, French, Spanish, Italian and Chinese versions of Xendpay and they can transfer over 40 currencies worldwide.
Services
Xendpay
Online payment platform used to transfer small amounts of money between private individuals between currencies.
===Xendpay+===
Platform for money transfers between currencies for large individual money transfers and businesses with foreign exchange requirements.
Foreign exchange
Spot Trading
Xendpay is used for immediate money transfers known as Spot trading, where money is sent as soon as the transfer is initiated. In the foreign exchange industry however, Spot deals are usually settled within two days of the transfer initiation<ref name=RFX />.
Remittance
Approximately £280 billion worth of money will be transferred from the UK to smaller nations in 2011, with other large nations also responsible for the most money sent abroad, such as the United States, France, Italy, Russia, Spain and Australia.
The top 10 recipient countries of worldwide money transfers in 2010<ref name=recipients /> were:
1. India (£34bn)
2. China (£32bn)
3. Mexico (£14bn)
4. Philippines (£13bn)
5. Bangladesh (£7bn)
6. Pakistan (£6.9bn)
7. Nigeria (£6.2bn)
8. Poland (£5.6bn)
9. Vietnam (£4.5bn)
10. Morocco (£4bn)
For further information, see Remittance
Sponsorship
Xendpay and their parent company, RationalFX are also the official shirt sponsor of Birmingham City Football Club in the NPower Championship for the 2011/12 season, on an initial one-year deal.

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