FAIRFX Group PLC FairFX partners with easyCurrency

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                            [phone] 
 Cenkos Securities plc 
  Max Hartley/Callum Davidson    [phone] 
 Yellow Jersey PR 
  Charles Goodwin                [phone] 
 easyGroup 
  Richard Shackleton             [phone] 
 

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

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May 19, 2017 02:00 ET (06:00 GMT)