What is XE? Powering Your Money

XE is a global leader in currency data and international money transfers. Since its founding in 1993, XE has evolved from a niche currency tool to a trusted financial platform handling billions in global payments. Today, it enables individuals and businesses to send money to over 190 countries in 130+ currencies—safely, quickly, and with full transparency.

Key Takeaways

• XE simplifies cross-border money transfers for individuals and businesses.
• The platform supports payments in over 130 currencies to more than 190 countries.
• Known for its transparent exchange rates and low fees.
• XE is part of the Euronet family, making it the world’s third-largest money transfer business.
• Originated as a currency tool and evolved into a full-service global payment platform.

How XE Works

XE allows users to create a free account to send or receive money internationally. You can link your bank account or select from 500,000+ global cash pick-up locations. Transfers are usually completed within 1–5 days, with some processed in seconds. The platform also offers business services like mass payments, currency risk management, and API integration.

The History of XE

Founded as Xenon Laboratories in 1993 by two Canadian friends, the company first offered IT consulting. In 1995, it launched the Universal Currency Converter, quickly becoming a leading online destination for foreign exchange. By 2001, the company rebranded as XE and expanded globally. In 2015, it was acquired by Euronet and later merged with HiFX in 2019 to strengthen its transfer capabilities.

Why Users Choose XE

• Competitive rates and minimal fees
• Easy-to-use mobile app and web platform
• Currency charts, rate alerts, and historical tools
• Trusted by businesses for high-volume transfers and integrations
• Backed by 30+ years of experience and global infrastructure

FAQs

What does XE do?

XE provides secure and fast international money transfers, along with real-time currency data and tools.

Is XE a safe platform to use?

Yes. As part of Euronet (NASDAQ: EEFT), XE adheres to global security and compliance standards.

How fast are XE transfers?

Transfers can take from a few seconds up to 5 business days, depending on the destination and payment method.