It comes as the company announced a new partnership in the UK with Morrisons supermarket, which will see Fexco provide retail foreign exchange services in the group's stores. Joe Redmond, managing director of the retail foreign exchange division at Fexco, said the company does not want to have too much reliance on the UK. In addition, parts of eastern Europeare outside the single European currency, placing a greater need on foreign exchange services. Elsewhere, the group is having "conversations" with the banking sector in Ireland and the UK around the provision of foreign exchange services. Meanwhile, under the terms of the deal with Morrisons, Fexco will provide retail foreign exchange services in 100 of the UK supermarket's stores.

Source: Irish Independent December 12, 2019 02:37 UTC