Traditional shopping habits have been turned upside down this year as the coronavirus outbreak and lockdown restrictions necessitated changes to day-to-day routines.
- Problem – Need for a responsive payment provider during the COVID-19 crisis
- Our solution – Competitive rates, fast transfers, personal support
- Benefits realised – +£100k savings and faster deliveries for patients
Vannin Healthcare Global’s mission is to facilitate healthcare technologies and innovations for improved patient care and safety.
In 2020 they became one of the world’s largest suppliers of the medical equipment required to battle the COVID-19 crisis, including surgical masks.
They make international currency transfers to cover supplier and client payments.
Vannin Healthcare Global opened an account with Currencies Direct in March 2017, using our services to make EUR/USD, GBP/EUR and USD/EUR currency transfers.
The clients’ requirements increased significantly with the onset of the coronavirus pandemic, and while they had used other providers previously they found they were unable to adapt to the pandemic environment and the company’s need for fast and responsive action to support global patients’ needs.
We subsequently helped Vannin Healthcare Global make several payments to suppliers and clients – including a multimillion USD transfer.
By using our services and benefiting from our competitive exchange rates and personalized account management, Vannin Healthcare Global estimate that they saved over £100k in early 2020.
According to CEO Peter van Veen, both the company’s clients and the patients they support have benefited from our services as faster supply chain payments make for faster deliveries.
“Currencies Direct have proven to be a professional, responsive, reliable international payments provider. Their service is extremely easy to use, and the level of communication has been invaluable in testing times, as has the superb assistance of our personal account manager.” Peter van Veen, CEO
We’ve seen significant currency volatility in recent weeks, with major exchange rates experiencing notable swings, and this is likely to continue.
Currency fluctuations can have a serious impact on your international payments, as can the efficiency of the provider you use.
We’re here to help all companies in the healthcare sector during this difficult period, so if you would like to talk about your FX requirements please get in touch with our expert team on +44 (0) 20 7847 9400 or email Business@currenciesdirect.com.
Stay safe, and remember that we’re always here if you need us.
Huge thanks to Vannin Healthcare Global for working with us on this case study.
Currencies Direct is one of Europe's leading non-bank providers of currency exchange and international payment services. Since we were formed in 1996, we've maintained our focus on providing innovative foreign exchange and international currency transfer services to corporations of all sizes, online sellers and private individuals. We have also expanded our services to provide dynamic and pioneering "business to business" solutions to help companies, tier 2/3 banks and other non-bank financial institutions to process their international payments. Our headquarters are in the City of London (United Kingdom) and we have operations in continental Europe, Africa, Asia, and the United States. Currencies Direct is jointly owned by private equity firms Palamon Capital Partners and Corsair Capital.