Case study how moneycorp uses acquisitions to remain dominant in the fx industry

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Moneycorp was established in 1962 and has been transferring money abroad since 1979. This company currently offers an estimated 90 currencies and accepts international clients. With offices in Ireland, Spain, the UK, France, and the US, Moneycorp has the resilience and innovation to sustain operations over the long-term. It is fully licensed and regulated by the Government of Gibraltar, with a full banking license, and it holds FCA licensing (Financial Conduct Authority) from the UK regulatory authorities. It is also fully authorized by HM Revenue & Customs. Ever since Moneycorp began transferring money internationally 1979, it has been up against the wall with fierce competition. One of the industry giants hot on the heels of Moneycorp is Transferwise. The TrustPilot comparisons between these money transfer giants are evenly matched. Both have attained over a 90% positive rating from clients, indicating that there is very little in terms of service quality, and professionalism between them. Transferwise only offers services online, while Moneycorp offers online and via telephone. There are no fees with Moneycorp, while Transferwise has a fee of 0.5%. Payments processing is a little quicker with Transferwise with just 1 – 2 days to complete transfers, while Moneycorp can take...

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