Last checked at 21 Jun 2016 15:53
FairFX Group plc
("FairFX" or "the Group" or "the Company")
Result of Annual General Meeting
FairFX, the low cost multi-currency payments service, is pleased to announce that at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
The Company's Annual Report and Accounts, together with the notice of AGM were posted to shareholders on 26 May 2016 and are available to view on the Company's investor site at www.fairfxplc.com.
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 +44 (0) 7584 085 670 |
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.