EuroXChanger is a foreign exchange currency services company that can deliver potential cost savings on personal and business foreign exchange. Established for over 13 years at locations in Bridgend and Muff Co Donegal, we plan to expand into new locations and via new technologies.
Our present units based in both Bridgend and Muff, Co Donegal provide foreign exchange / FX currency services to personal and business customers in the Derry / Donegal area. Operating since 2005, we have over 6500 registered customers in this location offering 3 cash currencies of Euro, Sterling and US Dollar. As a technology driven business we use our own propitiatory software to effectively manage our live data systems. We have identified two areas of growth in the business;
1. Roll out of EuroXchanger brand using up to 12 agent outlets based at locations along the NI / ROI border. We hope this will allow agent businesses to make more effective use of any foreign currency receivables to derive an additional income stream and reduce banking costs.
2. Introduction of a new mobile FX app for our customers which will allow an efficient transfer of monies across nominated currencies that are registered by customer. This will be especially useful for cross border workers that have a requirement to exchange currency monthly to pay bills etc as they are working and living in different jurisdictions and will eliminate the need to make monthly trips between banks to withdraw, exchange and lodge funds.
With over 6500 registered customers in our current locations, the expansion into a further 10 - 12 border locations could potentially open up a larger market