viewEquals Group Plc

Q Money acquisition 'a real turning point' says FairFX chief

Multicurrency payments services provider FairFX Group Plc (LON:FFX) has snapped up digital business banking firm Q Money – and its associated e-money licence – for £425,000.

CEO Ian Strafford-Taylor tells Proactive: ''The deal is a real turning point for us. Essentially what we're getting here, the e-money licence in of itself whilst important it's just a piece of paper .... what's important is what you can do with it''.

''With the e-money licence we can in theory become our own issuer of cards - there's many things we can do which will rationalise our cost structure''.

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Price: 89.5 GBX

Market: AIM
Market Cap: £159.47 m

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