E-bank FairFX Group Plc (LON:FFX) has launched a multi-currency business current account, Fair Everywhere, as its first step in the small company business sector.
The launch follows the acquisition of CardOne earlier this year, with the new account available early in 2018.
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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.
Account holders will be able to send and receive funds from abroad at FairFX's exchange rates alongside 3.5% cash back on spending at major retailers
Ian Strafford-Taylor, FairFX’s chief executive, said the business current account is the first of a new pipeline of new digital banking services for SMEs (small medium enterprises).
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“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.”