OzForex Group (OFX)

OzForex provides low cost foreign exchange and online international payment services for consumer and business clients. The majority of income is generated by taking a spread on the exchange rates and for smaller transactions charging a transaction fee. OzForex’s 100,000 active clients largely transact through one of its seven regionally branded websites, but the firm also offers a white label product with profit sharing agreements. Originating in Australia and New Zealand it has expanded into Europe and North America.
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