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FairFX hails another year of 'significant' growth

Mon, 17th Jun 2019 09:42

(Sharecast News) - E-banking and payments group FairFX said on Monday that 2018 had been "another year of significant growth", with further progress made towards its strategic goals.In an update ahead of its annual meeting, the company said turnover and revenue growth continued to be "strong" in its last trading year, both organically and via acquisitions, with the group continuing to make investments in its technology in order to increase the functionality and capacity of its platform for further expansion.The AIM-listed outfit also said it had enjoyed "a strong year to date" in 2019, in terms of both turnover and improved margins, as a result of rationalisation of its supply chain."In addition, the investments we made in 2018 are now flowing through in terms of new products being released in 2019; with one such example being the granting of the Bank of England settlement accounts and direct access to the Faster Payments scheme," said FairFX's chairman.Looking forward, FairFX's board expects its trading performance for the full year to be in line with market expectations.As of 0940 BST, FairFX shares had picked up 1.01% to 111.11p.

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10 Jun 2016 16:15

FairFX wins 'most trusted' award among prepaid cards

(ShareCast News) - Fintech low-cost multicurrency payments service FairFX was celebrating on Friday, having won the Most Trusted Prepaid Card Provider at a ceremony in London on Thursday night. The AIM-traded company was selected over competitors in the prepaid card space, including Travelex, Thomas

10 Jun 2016 08:19

FairFX Wins 'Most Trusted' Award For Prepaid Card Providers

8 Jun 2016 08:07

With Expansion To South Africa, FairFX Eyes Gateway To Continent

29 May 2016 15:07

Sunday share tips: Flybe, United Utilities, FairFX

(ShareCast News) - Sell shares in Flybe, was the verdict of the Sunday Times' Inside the City column as prospects for profits look limited. A week and a half away from full year results, shares in the regional airline are flying at 53.5p, half the level they started 2015 and valuing the company at a

25 May 2016 10:16

FairFX Introduces Mobile App In Time For Summer Marketing

15 Apr 2016 12:27

FairFX widens full year loss

(ShareCast News) - FairFX widened its full year pre-tax loss to £3.4m from £2.8m the previous year as the multi-currency payments service boosted its investments in operations and technology. The group said the reported loss reflected an increase in marketing spend, a rise in headcount and higher ch

15 Apr 2016 07:09