FAIRFX Group PLC FairFX partners with easyCurrency
19 May 2017 - 4:00PM
RNS Non-Regulatory
TIDMFFX
FAIRFX Group PLC
19 May 2017
19 May 2017
FairFX Group plc
("FairFX" or "the Group" or "the Company")
FairFX partners with easyCurrency
FairFX, the low cost multicurrency payments service, is pleased
to announce that it has signed a partnership agreement with
easyCurrency, the online zero fees/commission forex boutique, which
is part of the easyGroup family of brands owned by Sir Stelios
Haji-Ioannou. As part of its agreement with easyCurrency, FairFX
will be offering currency cards, cash and international payments
services to easyGroup customers through easyCurrency.com.
The online easyCurrency portal offers better conversion rates
than currently offered by existing High Street outlets - as well as
the security of cash home delivery. The partnership will simplify
the process of foreign exchange for easyCurrency customers and will
open up new revenue streams for FairFX. easyCurrency customers will
also benefit from preferential rates for the lifetime of their
relationship with FairFX.
Ian Strafford-Taylor, Chief Executive Officer, commented:
"Partnering with easyCurrency and developing an association with
easyGroup is a fantastic opportunity for FairFX. Our values are
aligned with Sir Stelios', in that we are always aiming to deliver
an excellent customer experience and quality services at
competitive rates, helping our customers' money go further."
Sir Stelios Haji-Ioannou, Chairman of easyGroup, commented: "The
prohibitive cost of currency exchange has nearly always put a
downer on travel plans. Now whether on holiday or on business our
customers should be able to get that bit extra from their cash to
enjoy their trip."
ENDS
FairFX Group plc
Ian Strafford-Taylor,
CEO +44 (0) 20 7778 9308
Cenkos Securities plc
Max Hartley/Callum Davidson +44 (0) 20 7397 8925
Yellow Jersey PR
Charles Goodwin +44 (0) 7747 788 221
easyGroup
Richard Shackleton +44 (0) 7905 779 799
About FairFX
FairFX is a leading international payment services provider,
incorporated in the UK in 2005. The Company has developed a
cloud-based peer-to-peer payments platform that enables personal
and business customers to make easy, low-cost multi-currency
payments in a broad range of currencies and across a range of FX
products all via one integrated system. The FairFX platform
facilitates payments either direct to Bank Accounts or at 30
million merchants and over 1 million ATM's in a broad range of
countries globally via Mobile apps, the Internet, SMS, wire
transfer and MasterCard/VISA debit cards.
FairFX operates within the rapidly growing online multi-currency
payments market and provides transactional services to both
personal and business customers through four channels being
Currency Cards, Physical Currency, FairPay and Dealing. The
Currency Card and Physical Currency offerings facilitate multiple
overseas payments at points of sale and ATM's whereas the FairPay
and Dealing products support wire transfer foreign exchange
transactions direct to Bank Accounts.
For Corporates, FairFX has a market-leading business-expenses
solution based around its corporate prepaid card allied to a
platform allowing the Corporate to better control expenses and
improve transparency whilst removing administrative burdens from
staff.
In addition, FairFX has entered into a number of "white-label"
arrangements for the use of its P2P matching platform. Partners
include easyjet, ThinkMoney, Pitney Bowes and Quintessentially.
FairFX has also partnered with Concur Technologies, Inc. a leading
provider of integrated travel and expense management solutions with
over 25 million users globally. Such relationships provide strong
support for FairFX's customer acquisition strategy.
About easyCurrency
easyCurrency is part of the easy family of brands which has
brought incredible value to customers for over 20 years. With a
long history in the travel sector, easyCurrency understands the
main problems customers encounter with foreign exchange
services.
By partnering with FairFX, easyCurrency will provide great value
services including:
Currency Transfers - a great option for sending money to loved
ones in another country or for paying for items in another
country.
Currency Cards - a convenient way to manage how you spend money
in other countries by simply topping-it-up as much as you need.
Travel Cash - always handy to have while you're on the go and by
cutting out the middle-man you receive a great rate on
conversion.
About easyGroup
easyGroup is the private investment vehicle of Stelios, the
serial entrepreneur. easyGroup is the owner of the 'easy' brand and
licences it to all of the 'easy' branded businesses, including
EasyJet plc, the airline Stelios started in 1995 and in which he
remains the largest single shareholder.
easyGroup profits by either selling shares in the businesses or
by licensing or by franchising the brand to the reputable partners.
The 'easy' brand currently operates in more than a dozen industries
mainly in travel, leisure and other consumer facing sectors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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