Company name: Fexco Financial
ServicesFounded in: 1981Founder
: Brian McCarthyHeadquarters
: Kiel Olgen (Killorglin), Ireland, Official website of County Cork
: https://www.fexco.com/
Size: Approximately 2,800 (in 29 countries around the world)
Industry Type: FinTech, Payment Services, Foreign Exchange, Corporate
ServicesRegulatory Qualifications: Authorised by the Central Bank of Ireland as a Payment Institution (PI) and licensed to provide payment services in the European Economic Area (EEA) and the United
KingdomFexco was founded in Ireland by Brian McCarthy in 1981 with an initial focus on foreign exchange. As the business grew, Fexco expanded into payment services, enterprise solutions, asset finance and other fields, becoming one of the world's leading financial services and fintech companies. As of 2024, Fexco operates in 29 countries around the world and employs more than 2,800 people.
1. Dynamic Currency Conversion (DCC)
Fexco is the world's leading provider of Dynamic Currency Conversion (DCC) services, providing solutions for more than 320,000 merchant locations. Through partnerships with financial institutions such as J.P. Morgan, Fexco integrates DCC services into merchants' payment platforms, enhancing the customer experience and generating additional revenue streams for merchants.
2. Multi-Currency Pricing (MCP)
Fexco's multi-currency pricing solution allows merchants to display prices in their customers' home currencies at the point of sale (POS) and online payments, providing transparent exchange rate and fee information to enhance customer trust.
3. International Payment and Cross-border
SettlementFexco provides global interbank transfers, customized payment solutions, asset financing and other services to help enterprises simplify the cross-border payment process and reduce costs.
4. Retail Foreign Exchange & Remittance
ServicesFexco operates more than 95 offices in Pacific countries such as New Zealand, Fiji, Samoa, Tonga, etc., providing foreign exchange and remittance services, processing more than 2 million transactions per year.
Through its Business Services division, Fexco provides customized management and consulting services to help the public and private sectors achieve digital transformation and operational efficiencies.
Fexco's solutions are widely used in the following industries:
- Travel & Aviation: Payment and currency conversion services for airlines and tour operators.
- Retail & Hospitality: POS payment and foreign exchange solutions for retailers and hotels.
- Fintech & Payment Institutions: Payment gateways and foreign exchange services for payment service providers (PSPs), fintech companies, and banks.
- Education & Government: Providing payment and consulting services to universities and government departments.
- Cross-border e-commerce and logistics: Provide international payment and settlement services for cross-border e-commerce and logistics companies.
Fexco Corporate Payments Limited (operating brand: Fexco International Payments) is authorised by the Central Bank of Ireland as a Payment Institution (PI) to provide payment services in Ireland, the European Economic Area (EEA) and the United Kingdom. In addition, Fexco follows international security standards such as PCI DSS, ISO 27001, etc., to ensure the security and compliance of its payment solutions.
Fexco plans to further expand its presence in global markets, particularly in Europe, North America and the Asia-Pacific region. The company will continue to invest in technological innovation to improve the security and convenience of payment solutions to meet the needs of different industries and scenarios.
Fexco is one of the world's leading financial services and fintech companies through its innovative payment solutions and global footprint. The company has deep technical accumulation and market influence in the fields of dynamic currency conversion, multi-currency pricing, and cross-border payment. As the global payments market continues to grow, Fexco is expected to continue to maintain its leading position in the industry.
