FC Exchange Pings It that Bit Further

FC Exchange Pings It that Bit Further

LONDON, June 28, 2012/PRNewswire/ --

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    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
[http://www.fcexchange.co.uk/international-money-transfers ] 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
GBP10,000 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 [http://www.fcexchange.co.uk ] 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 GBP21m 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 GBP1.5 billion, over 50% of FC Exchange's business is derived from
recommendations.

    http://www.fcexchange.co.uk

   
    For further information:
    Natasha Espinosa (FC Exchange Communications Manager)
    nxe@fcexchange.co.uk or +44(0)20-7989-0000.

Source: FC Exchange