LONDON, June 28, 2012 /PRNewswire/ --
London based foreign exchange specialist adopts Barclay's Pingit as a client payment facility.
Launched in February 2012, Barclays Pingit is a mobile payments system that has been downloaded over 900,000 times in its first four months. It allows users to transfer funds using a smart phone. Recently the service has been extended so businesses can receive payments via the app, using corporate ID code, and FC Exchange have been quick to realise how they can Ping money that bit further for their clients.
FC Exchange expects to see an initial up-take from clients who regularly send payments abroad or SMEs needing to make overseas payments.
They further maintain that being able to use Pingit with their international payments service can facilitate the rapid payment for large ticket items or for arranging a deposit on an overseas property, while abroad, as clients (even non-Barclays customers) are able to transact up to £10,000 a day with the facility, sending funds at a touch of a button that clear within seconds.
Realising the value in Barclay's Pingit service, FC Exchange implemented the service as soon as it was made available to businesses. Nicholas Fullerton, Managing Director of FC Exchange, said 'we are proud to say that we were the first broker to feature on the Pingit business database, within the Pingit App, and have already transacted our first client. We have a high customer referral rate and it is because our service is focused on making life easy for our clients'.
He further said, 'Pingit users cannot directly use the app to send funds overseas so we have harnessed this technology to allow users to transfer funds abroad via the FC Exchange service and Ping their money that bit further. Pingit has certainly taken the market by storm and we do not doubt that clients will realise the full extent of its potential'.
About FC Exchange
FC Exchange is authorised by the Financial Services Authority (FSA) under the Payment Service Regulations 2009 and estimates to have saved its clients over £21m in the past seven years.
FC Exchange has a global portfolio of over 12,000 clients, comprising both private individuals and corporate bodies. Trading in over 900 different currency pairs and having transacted over £1.5 billion, over 50% of FC Exchange's business is derived from recommendations.
For further information:
Natasha Espinosa (FC Exchange Communications Manager)
firstname.lastname@example.org or +44(0)20-7989-0000.
SOURCE FC Exchange