FairFX teams up with Monarch

FairFX has teamed up with UK airline Monarch to help holidaymakers save money on travel and benefit from a better customer experience.

Monarch has signed an agreement with the FinTech low-cost multi-currency payments service to mutually promote each other's products, helping holidaymakers get better value for money in the wake of the EU referendum.

Under the agreement, Monarch will promote FairFX international transfers, cards and travel cash. In return, Monarch customers will get preferential exchange rates and FairFX Currency Card offers.

The companies also said the customer experience will be improved with tips and advice for all aspects of their holiday.

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

“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."

At 1417 BST, FairFX Shares were up 5% to 31p.