FairFX launches same-day China payments service

FairFX has launched a same-day payments service into mainland China.

FairFX said the latest development now made it one of the few providers capable of facilitating multi-currency transactions, including renminbi, into the Chinese market for personal as well as business payments.

FairFX said sending payments directly to mainland China was a big issue for many companies trading with the region.

It said its payment service offered a fast, efficient solution to this problem and most were credited within 20 minutes.

Chief commercial officer James Hickman said: “This is a fantastic solution for our business customers and gives FairFX a competitive edge over other providers who are unable to facilitate such rapid payments into China.

“FairFX sees China as a huge opportunity for growth and this latest development is further evidence that the Company is continuing to broaden its geographical reach and use technology to make efficiencies and drive costs down for our customers.”

At 8:52am: (LON:FFX) Fairfx Group Plc Ord 1p share price was +0.25p at 43p

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