Founded in 1996, Placid NK Corporation D/B/A Placid Express is a Money Transmitter headquartered in New York, USA. Its retail Money Transfer services are available through a growing agent network in the top MSAs of the United States, Canada and Italy. Consumers can also utilize the multiple Money Transfer options it offers via its retail branch offices in Malaysia. Additionally, via partner network arrangements, its services are also available in Spain, UK and U.A.E. As of Q1 2012, Placid Express offers reliable and affordable Money Transfer services to over 30 countries via correspondent relationships with highly reputed banks and financial institutions. By Q4 2012, the portfolio of destination Money Transfer countries is expected to be increased by another 40. With the recently acquired license under EU Payment Services initiative, Placid Express is on fast-track to make its retail services available via agents and branches in a number of European countries such as France, Belgium, UK and Germany. Placid Express also provides Money Transfer network use/sharing services to other interested Money Transfer companies as well as its custom developed Money Transfer software platform, Transec. Placid NK Corporation's fully owned subsidiaries include Placid Express SRL in Italy and Placid Express Sdn Bhd in Malaysia.