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FairFX chief says new app is “a major step forward” for customers

FairFX Group Plc (LON:FFX) released a wide-ranging update on Wednesday, which confronted issues such as BREXIT, as well as news that the commercial momentum reported at the last update has continued, and chief executive Ian Strafford-Taylor speaks to Proactive on a number of the key points.

FairFX has developed a cloud-based payments platform that enables personal and business customers to make easy, low-cost multi-currency payments.

Last week was a record for the year, with turnover at levels not seen since last July, and Strafford-Taylor says it was due to a “combination of factors” including a stronger pound and the upcoming half term.

Also covered is the ahead-of-schedule launch of the full-service FairFX mobile app with the chief executive saying he thinks FairFX will see benefits in customer take-up and for existing customers using the product.

“For acquiring new customers and for making the lives easier of all our existing customers it is a major step forward,” he says, adding that the IT team is “super-efficient in terms of getting things out on time”.

Quick facts: Equals Group PLC

Price: 39.85 GBX

Market: AIM
Market Cap: £71.17 m

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