FAIRFX Group PLC FairFX to be FX Provider for Leicester City F.C
July 28 2016 - 2:03AM
RNS Non-Regulatory
TIDMFFX
FAIRFX Group PLC
28 July 2016
28 July 2016
FairFX Group plc
("FairFX" or "the Group" or "the Company")
FairFX to be Exclusive FX Provider for Leicester City F.C
FairFX, the low cost multi currency payments service, is pleased
to announce it has signed a two-year agreement with Leicester City
Football Club (LCFC) to be their exclusive FX provider and an
Official Partner of the Club.
The new relationship with the Premier League Champions will see
FairFX service all of LCFC's foreign exchange requirements,
including money conversion for player transfers. The magnitude of
transfer values in the Premier League represents a significant
volume of new potential business for the Company over the duration
of the agreement. In return, LCFC will benefit from FairFX's highly
competitive rates thereby saving large sums on their transfer
activity.
Just as importantly, as an Official Partner to LCFC, FairFX will
benefit from direct exposure to the club's fans as well as
introductions to the corporate network of Leicester City. This
partnership will therefore enable FairFX to add more users of its
products, further bolstering the Company's existing strategic
marketing campaign and aligning with a history of supporting sport
in the UK following its sponsorship of Sky Formula 1 coverage in
2015.
FairFX CEO, Ian Strafford-Taylor, commented:
"We are very excited to be partnering with Leicester City. There
are strong synergies in attitude between us both, with the Club
having taken on the establishment in the Premier League, and
winning, with FairFX continuing to do the same in the Foreign
Exchange industry.
"While the agreement opens up new revenue streams via player
transfers, we are also hugely excited by the prospect of offering
our highly competitive and technologically innovative services to
potential new customers across the LCFC fan-base and corporate
network."
LCFC Commercial Director, Ian Flanagan, commented:
"We are delighted to welcome FairFX to our family of Club
partners. FairFX was the obvious choice of FX provider to support
Leicester City through the next stage of our phenomenal
international growth. As a challenger in their own industry, they
understand the level of support we require to add value to our
processes and we look forward to a long and successful partnership
together."
- 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
Aidan Stanley +44 (0) 7747 788 221
About FairFX
FairFX is a leading online 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 over 35
million merchants and over 1 million ATM's in a broad range of
countries globally via Mobile apps, the Internet, 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. Customers
include easyjet and ThinkMoney. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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