FAIRFX Group PLC Monarch's strategic partnership with FairFX
August 02 2016 - 2:01AM
RNS Non-Regulatory
TIDMFFX
FAIRFX Group PLC
02 August 2016
FairFX Group plc
("FairFX" or "the Group" or "the Company")
Holidaymakers to benefit from Monarch's strategic partnership
with FairFX
Holidaymakers will save money on travel and benefit from a
better customer experience, thanks to a new partnership between
Monarch and FairFX.
Leading UK independent airline group Monarch is pleased to
announce it has signed an agreement with FinTech low-cost
multi-currency payments service FairFX to mutually promote each
other's products, helping holidaymakers get better value for money
in the wake of the EU referendum.
At a time when consumers are particularly eager to make their
money stretch further, the partnership will enhance customer
experience by offering a broad product range and innovative
technology from two trusted brands.
Under the agreement, Monarch will promote FairFX international
transfers, cards and travel cash. In return, all Monarch customers
will benefit from preferential exchanges rates and FairFX Currency
Card offers. Customer experience will also be improved with tips
and advice available for all aspects of their holiday.
FairFX was recently voted Most Trusted Prepaid Card Provider by
Moneywise, selected over competitors in the prepaid card space such
as Travelex, Thomas Cook and the Post Office.
Ian Stafford-Taylor, CEO of FairFX, said: "We are delighted to
enter into this agreement with Monarch, which will involve
cross-promotion and more efficient marketing of our products.
"This is of clear benefit to both companies, but most
importantly to the consumer, who will benefit from greater choice
and increased control over their holiday spending.
"By partnering with such a prestigious airline we will increase
brand awareness for FairFX, meaning more holidaymakers will be able
to save money by using our products and services. In turn, Monarch
can have full faith that their customers will receive the best FX
rates, products and services."
Hugo Vicente de Freitas, Retail Product Development Manager at
Monarch, said: "We are pleased to announce FairFX as our new travel
money provider, offering customers the chance to purchase currency
cards, make international payments and order travel cash.
"Choosing FairFX as our travel money provider is aligned with
our focus on ensuring the very best for our customers and helping
to make their trip easy, convenient and safe when travelling
abroad."
-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
Aidan Stanley +44 (0) 7584 085 670
Notes to editors
About Monarch
Monarch is a leading UK independent airline group. The company
includes a scheduled airline, in-house tour operator and an
award-winning engineering division. Flying from 5 UK bases, London
Gatwick, Birmingham, Manchester, Leeds-Bradford and Luton where it
is headquartered; the airline offers 7million sector seats to
leisure destinations. The tour operating division offers package
holidays across the airlines scheduled network focussing on beach,
city and ski breaks.
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. Customers
include easyjet, ThinkMoney and Pitney Bowes. 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.
www.fairfx.com
This information is provided by RNS
The company news service from the London Stock Exchange
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