(Singapore – 17 October 2016) World First, the award-winning, international FinTech payments and currency expert, today celebrates the one-year anniversary of its cross-border money transfer business in Singapore after a successful first year of trading. World First’s Singapore operation is the second Asia office to launch in 2015 after Hong Kong and is the first operation of its kind in Singapore.
World First provides a secure and customer-friendly online money payment platform to private individuals and small and medium sized enterprises globally. Its knowledge and expertise in global currency markets enables clients to make international payments quickly, efficiently and safely. By helping businesses take control of their international payments, World First helps them to thrive in the global marketplace and expand internationally.
In Singapore, a major financial centre and wealth hub, and one of Asia’s best places to work and live, World First counts Singaporeans and expatriates with cross-border investments and personal finance needs as clients. Access to World First’s global network and payment infrastructure enables clients to manage currency volatility, while receiving seamless customer service and expert currency assistance for the world’s top markets.
Jabu Henson, Managing Director of World First Asia, commented: “Our expansion into Singapore a year ago proved to be the right decision and we are excited by the growth of our operations in this market. We have exceeded our expected growth rate of 60 per cent, expanded our market share and nearly doubled the number of employees. Our outstanding exchange rates have allowed us to capitalise on the pent-up demand for safe and secure international payments and generate meaningful savings for our clients.”
Rebecca Snape, Head of Dealing, World First Singapore, added: “One year on, we are even more focused on building our presence and client base in the region. We support Government initiatives to nurture a dynamic FinTech sector in Singapore as we know firsthand the difference that this kind of innovation and competition can make to individuals and businesses. Our mission is to change the way that businesses and people move money internationally, making it easier, faster and more secure. We are happy that we were here first to catch and ride this wave of innovation and we will continue to push to bring our service to more and more people and businesses.”
Online mortgage consultant FindAHomeLoan is the first mortgage partner in Singapore to leverage World First’s global network and currency expertise to market and advise on mortgage solutions from Australia. Founder and director of FindAHomeLoan, Sean Lim said: “Award-winning global currency expert World First is a strong partner to our global home loan portal. We share the same customer-first approach — we advise our clients with transparent and comprehensive information to arrive at good decisions and make the most of their money. Congratulations on a great year and I look forward to even more exciting initiatives from World First.”
About World First
World First is market-leading, award-winning, rapidly-growing international FinTech business. Expert in international currencies and money transfer, World First combines specialist knowledge of foreign exchange markets with technological innovation to help individuals and businesses manage cross-border currency payments quickly, securely and transparently. A specialist alternative to traditional banks’ generalist approach, World First has successfully exchanged more than £40bn for over 100,000 individuals and businesses since 2004. World First’s corporate and e-commerce desks enable SMEs and online marketplace traders to expand internationally via a specialist and personalised service proposition and bespoke technology. We call these businesses ‘mini-multinationals’.
World First employs c.500 people across 6 international offices of London, Sydney, Texas, Singapore, Amsterdam and Hong Kong with plans for further expansion into new countries. World First has strategic partnerships with over 20 businesses including Virgin Money, News International, Le Figaro and The Australian. World First has licences to service clients in over 45 countries.
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