AFEX has partnered with Oxigen USA to provide money transfers to U.S. businesses operating in India, the companies announced.

AFEX, a Woodland Hills provider of cross-border payment services for businesses, said that its service is superior to what banks offer, including faster processing, bulk transfers and currency risk management solutions.

Laura McLoughlin, partnership director for the Americas at AFEX, said that many businesses do not realize they have a non-bank alternative for sending international wires.

“That’s why we’ve partnered with Oxigen, which has a strong brand for on-boarding customers in the India corridor,” McLoughlin said in a prepared statement.

Oxigen USA is a subsidiary of Oxigen Services India Pvt. Ltd., the largest payment services provider in India.