Monex, which handles multi-currency card payments in excess of E3.5 billion per year, will also enhance FreeStar’s product by providing a comprehensive treasury facility that enables dynamic currency conversion to both its existing and prospective client base.
Paul Egan, CEO of FreeStar, said: Monex’ client base, which includes Ryanair, Hertz and Europcar, will boost FreeStar Technology’s profile in a highly competitive market place and we look forward to developing a mutually beneficial relationship with Monex moving forward.
Frank Murphy, managing director of Monex, added: By leveraging FreeStar Technology’s proven technological platform and its business model, Monex’ product offering has gained a reliable and future-proof solution that can be of great benefit to our own revenue model and our clients alike.
