UKForex rolls out money transfer mobile app

UKForex, part of international money transfer provider Ozforex Group Ltd (ASX:OFX), has announced the launch of Forex Money Transfer, a mobile application set to enable fast and secure payments on the go.

The app has global, 24/5 customer support and live rate alerts, reflecting the round-the-clock nature of currency markets, so users do not have to miss a good deal.

Forex Money Transfer enables users to:

  • Make international money transfers in 48 currencies
  • Set up repeat payments, track open payments and review past transactions
  • Check market exchange rates, view currency charts, set rate alerts and read daily market commentaries

The app, available for free to owners of iPhone and Android-powered devices, is designed to suit the lifestyle of UKForex’s customers, many of whom make regular international payments.

Richard Kimber, OzForex Group CEO, said: “UKForex has always been focused on providing the best international money transfer experience to its customers. We’re excited to launch a user-friendly app that responds to the needs of our internationally mobile customer base to send money on the go.

The launch is a continuation of our broader vision to effortlessly integrate international payments into people’s lives. Mobile provides an always on and always available solution, offering convenience to our customers through a very personal device.”

OzForex has already seen huge interest in mobile from its user base. In the last financial year, the number of registrations made on mobile doubled.

This reflects the steep global rise in mobile usage across all industries, with financial services no exception. IDC forecasts that purchase volume over mobile devices will exceed $1 trillion worldwide by 2017.

Kimber added:

“With the Forex Money Transfer app, we are seizing upon the large shift to mobile for the consumption of financial services. It is a significant, new transactionary channel for our current and future customers and offers additional scale to the business. I would expect that over the next 5 years, half of all our transactions will be originated via a mobile device.”

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