Kerry-based financial services and technology company Fexco has opened two new No1 Currency retail stores in Sydney in Australia as it continues to expand in the Asia-Pacific region.
Fexco now operates in more than 50 countries worldwide.
The new stores in Sydney are the first in a series of planned openings across Australia, with Fexco aiming to establish over 20 outlets there.
Fexco also has an established network of 24 stores in New Zealand, where it has created 100 jobs in the last decade.
Fexco Pacific already operates over 100 offices and employs more than 400 staff in New Zealand, Fiji, Samoa, Tonga and other Pacific nations.
The company is the largest Western Union master agent in the region, processing over two million transactions annually and offering No1 Currency exchange services and international business payments.
Fexco co-owns the PICA Group (Prudential Investment Company of Australia Pty Limited) in Australia, which is the country's second-largest property services company. PICA Group manages a diverse portfolio of 200,000 lots across 10,500 schemes, including residential, commercial, resort and mixed-use properties.
Neil Hosty, CEO of Fexco, said the opening of its No1 Currency stores in Sydney is an exciting milestone as the company continues to bring its expertise in currency exchange and payments to new markets.
"Australia represents a key growth area for Fexco, and we are committed to providing our customers with world-class service and innovative financial solutions," the CEO added.
