FAIRFX Group PLC FairFX to launch business current account
November 28 2017 - 2:01AM
RNS Non-Regulatory
TIDMFFX
FAIRFX Group PLC
28 November 2017
28 November 2017
FairFX Group plc
("FairFX" or "the Group" or "the Company")
FairFX to launch business current account - Fair Everywhere
FairFX, the e-banking and international payments group, is
pleased to announce the launch of its multi-currency business
current account, Fair Everywhere, marking FairFX's first step into
the SME banking sector since its acquisition of CardOne earlier
this year. The new business current accounts will be made available
to customers in early 2018.
Fair Everywhere will offer SMEs current accounts in multiple
currencies that will incorporate full-service banking services
combined with a low cost, international payment facility. With
businesses able to open an account within a few hours, Fair
Everywhere will enable business customers to send and receive funds
from abroad at FairFX's highly competitive exchange rates.
Additionally, the account will offer a rewards programme, which
will allow customers to earn up to 3.5% cash back on spending at
major retailers.
The full benefits of the Fair Everywhere account can be viewed
via the website www.faireverywhere.com.
Ian Strafford-Taylor, CEO of FairFX, said: "It's fantastic to
reveal our planned launch of the Fair Everywhere business current
account, the first new product coming from our pipeline of new
digital banking services for SMEs. Our aspiration with Fair
Everywhere is to make international business fairer, easier and
more cost-effective, and the international payments functionality
is a real differentiator compared to other service providers. By
making a small change in banking provider, businesses can make a
big difference to their bottom line.
"Fair Everywhere also sees FairFX expand its product offering
and make a significant move into the SME banking services space,
targeting businesses that require cost effective, efficient current
accounts. We are looking forward to announcing the official launch
of the Fair Everywhere product in early 2018."
Contact:
FairFX Group plc
Ian Strafford-Taylor, CEO +44 (0) 20 7778 9308
Yellow Jersey
Charles Goodwin +44 (0) 7747 788 221
Katie Bairsto +44 (0) 7946 424 651
About FairFX
FairFX is a leading challenger brand in banking and payments
that disintermediates the incumbent banks with a superior user
experience and low cost operating model. This 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 provides banking and payment services to both personal
and business customers through four channels: Currency Cards,
Physical Currency, International Payments and Bank Accounts. The
Currency Card and Physical Currency offerings facilitate multiple
overseas payments at points of sale and ATM's whereas the
International Payments channel supports wire transfer foreign
exchange transactions direct to Bank Accounts. For Corporates,
FairFX has a market-leading business-expenses solution based around
its corporate prepaid platform and card that can yield significant
savings on a Corporate's procurement through better controls and
improved transparency and also streamline the procurement process
thus saving administrative costs. Through the recent acquisition of
CardOne, FairFX now has the capability to offer retail and business
Bank Accounts with all the functionality you would expect from a
Bank, namely faster payments, BACs, direct debits, international
payments and a debit card.
This information is provided by RNS
The company news service from the London Stock Exchange
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