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FairFX Group Plc

FAIRFX Group PLC strategic partnership with Monarch

Holidaymakers will save money on travel and benefit from a better customer experience, thanks to a new partnership between Monarch and FairFX Group Plc (LON:FFX).

Leading UK independent airline group Monarch is pleased to announce it has signed an agreement with FinTech low-cost multi-currency payments service FairFX to mutually promote each other’s products, helping holidaymakers get better value for money in the wake of the EU referendum.

At a time when consumers are particularly eager to make their money stretch further, the partnership will enhance customer experience by offering a broad product range and innovative technology from two trusted brands.

Under the agreement, Monarch will promote FairFX international transfers, cards and travel cash. In return, all Monarch customers will benefit from preferential exchanges rates and FairFX Currency Card offers. Customer experience will also be improved with tips and advice available for all aspects of their holiday.

FairFX was recently voted Most Trusted Prepaid Card Provider by Moneywise, selected over competitors in the prepaid card space such as Travelex, Thomas Cook and the Post Office.

Ian Stafford-Taylor, CEO of FairFX Group Plc, said: “We are delighted to enter into this agreement with Monarch, which will involve cross-promotion and more efficient marketing of our products.

“This is of clear benefit to both companies, but most importantly to the consumer, who will benefit from greater choice and increased control over their holiday spending.

“By partnering with such a prestigious airline we will increase brand awareness for FairFX, meaning more holidaymakers will be able to save money by using our products and services. In turn, Monarch can have full faith that their customers will receive the best FX rates, products and services.”

Hugo Vicente de Freitas, Retail Product Development Manager at Monarch, said: “We are pleased to announce FairFX as our new travel money provider, offering customers the chance to purchase currency cards, make international payments and order travel cash.

“Choosing FairFX as our travel money provider is aligned with our focus on ensuring the very best for our customers and helping to make their trip easy, convenient and safe when travelling abroad.”

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