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How Trust Payments expansion into Cyprus will support its Forex Merchants: Interview with Luke Hinchliffe

How Trust Payments expansion into Cyprus will support its Forex Merchants

At the start of 2022, Trust Payments expanded into the Cyprus market and opened an office in Limassol. The expansion of the new Cyprus office has been driven by Trust Payments’ new Forex offering. Luke Hinchliffe, Forex Business Development Manager, will be driving the growth of Trust Payments Forex offering for Cyprus merchants, as well as our other pay in and pay out solutions.

Luke Hinchliffe
Forex Business Development Manager

Q & A

What is our Forex offering?

We offer extensive end to end pay-in and pay-out solutions for Forex company and platforms, providing their customers with multiple local payment options. Our acquiring services facilitate payments and ensures speedy settlements, so they get paid faster.

One of Trust Payments main differentiators is undeniably our approval ratios; we have a strong ratios per country. Therefore, we can facilitate any EU and EA Forex brokerage with a complex company structure, giving businesses excellent approval ratios globally. All our Forex account managers have extensive knowledge in this area and can help you get set up for success.

Why have Trust Payments chosen Cyprus, and what can we offer merchants?

Cyprus is seen as ‘the Hub’ for Forex, and therefore the majority of Forex companies within the EU, and the EA area are based on the island. We want to be in amongst the action and at the forefront of the Forex hub. It’s important for our Forex team to be able to regularly meet businesses in person to provide the best service and help them excel.

How are Trust Payments specialised in the market?

As well as our approval ratios, commercially we are very competitive, and our services are flexible enough to facilitate the most intricate setups to assist all business complexities within the Forex market. Complex company structures will be no challenge for our specialists, we have the experience and expertise to accommodate all business types.

What does this expansion mean for the company?

This expansion will bring us to the forefront of the Forex and accelerate our growth into the Cypriot market. The new office increases our global reach and will bring us closer to our key contacts for this vertical, which are key to our growth. With this, we hope to develop more strategic partnerships in the Forex sector.

Are you excited about the new opportunities this will bring to the company?

Yes, one hundred per cent. In the last 6 months, a lot of time and effort has gone into creating a fantastic offering for the Forex market and building strategic partnerships to achieve this. I am looking forward to being in forefront of the Forex hub and meeting up in person with some of the best Forex companies on the island. I look forward to driving business in a new country and new market, so it will certainly be a great opportunity for Trust Payments.

If you would like to find out how Trust Payments’ Forex solutions can help your business in Cyprus, contact the team today on [email protected].

Security statement

Security is our top priority at Trust Payments and we strive to ensure that all data is kept secure at all times We keep all customer data safe with AES256 encryption, SSL Certificates, and a minimum of TLS1.2, between your website and our datacentres.

Our systems are scanned quarterly using the Qualys PCI Platform, an independent Qualified Security Assessor (QSA) and approved vendors – Omnicybersecurity (UK) & Forgenix (US) – to ensure compliance with the security requirements of the card schemes.

We follow a number of rigorous security procedures on a daily basis including, but not limited to, continuous monitoring of our perimeter, dark web monitoring, and internal checks to ensure that CIA triad is maintained at all times.

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