Our Partner: Worldwide Currencies continues to Grow
We are pleased to work with our currency partner: Worldwide Currencies. They continue to go from strength to strength. Worldwide Currencies (WWC) is pleased to announce that, having worked successfully under the rules and regulations of the FSA for the past year, they are now fully authorised under the Payment Services Regulations 2009 as an Authorised Payment Institution (525361) for the provision of payment services.
David Tucker, CEO of WWC, stated that “Authorisation with the FSA is a significant step for our business, as it is imperative that companies such as ours are properly regulated and that our working practices are controlled and monitored”. Commenting on the sector as a whole, David went onto say “There have been examples of poor working practices in our industry that hopefully this
requirement by the FSA to be authorised by the end of April, at the very latest, will address. It is important to protect not only the client’s interests but also the more professional companies operating in this sector, like WWC”.
WWC has had a very profitable 2010 as it continues to build upon its success in foreign exchange and continues to grow the company. The annual turnover of the company has almost trebled over the past two years, as has the gross profit. With
costs tightly under control now, they have employed an additional 10 people over the past two months and are planning further growth in the second half of the year, once they have moved into their new and larger office in the City next month. “It is
essential that you continually review your services and listen to your clients needs.
We have found that the major banks are charging more for foreign exchange and not providing a service to clients, which is great for a company like ours” David Tucker added “to this end we continue to improve our processes and intend to launch a number of innovative products later in the year”. WWC believe that having the right team of people providing the best possible level of service is key to achieving their objective of becoming the pre eminent company in this sector.
For more information on Worldwide Currencies please contact either Tonya or Arran Duke on 020 3326 4444.
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