At Mauve Group, we partner with Ebury, a leading fintech provider specialising in FX solutions and time-critical international payments in the payroll space. Our collaboration ensures secure, efficient, and cost-effective currency exchange services for our clients and workers.
Our partnership
Mauve Group and Ebury Mass Payments have been working together since 2016. Over this time, we have processed over 60,000 payments in more than 90 countries. This strong partnership is built on Mauve Group’s class-leading service and Ebury’s expertise in time-sensitive international payments.
Our collaboration ensures smooth and efficient payment processing, minimising delays and maximising accuracy.
Why exchange rates differ from midmarket rates
When you check exchange rates on platforms like xe.com, OANDA or Google, you are viewing the midmarket rate—the theoretical midpoint between the buy and sell prices in the currency exchange market.
However, the rate available to businesses and individuals includes additional factors such as:
Liquidity provider costs – Financial institutions buy and sell currency from liquidity providers (such as banks) who set their own prices based on supply and demand.
Transaction processing fees – Converting and transferring currency incurs fees from banks and payment networks.
Risk and compliance considerations – To meet regulatory and security requirements, providers apply small margins to compensate for currency fluctuations and operational costs.
FX spread (markup) – Ebury applies a small spread to the base rate to facilitate transactions. This ensures seamless processing and allows Mauve Group to continue providing reliable global payroll services.
While midmarket rates are helpful in offering a general benchmark, real-world exchange rates always include a margin to cover transaction costs and risks.
How exchange rates are determined
Exchange rates fluctuate due to several factors, including:
Market supply and demand – Currencies with higher demand tend to appreciate in value.
Economic performance and inflation – Strong economies typically have stronger currencies.
Interest rates and political stability – Higher interest rates and stable governance attract foreign investment, impacting exchange rates.
How our FX partnership benefits you
By working with Ebury, we provide:
✔ Fast and reliable payments – 99.9% on-time international payment success rate.
✔ Tailored FX solutions and streamlined currency services - foreign exchange options to suit business needs, ensuring efficient and cost-effective transactions.
✔ Seamless processing – we handle all compliance, security, and transaction monitoring for hassle-free payroll payments.
✔ Rates fixed for 60 days – rates are locked for 60 days, shielding our client invoices from fluctuations and ensuring salary costs stay consistent from invoice issuance until we receive the funds.
Our partnership with Ebury ensures that our rates remain competitive, transparent, and fair, allowing us to efficiently manage global payments.
If you have further questions, please reach out to our support teams for assistance.