Fexco said its operating profit rose to €14.5m last year compared to €3.6m in 2021 on the back of a 54% increase in income with total Group income reaching €157.5m, up from €102.2m the previous year.
Fexco said its Financial Services division saw significant growth in transaction volumes, mainly due to the resurgence of global travel. Its Dynamic Currency Conversion product achieved a 47% increase in its global market footprint since 2021 and Fexco's DCC business now serves 3.7 million global merchant locations in more than 48 countries.
2022 also saw a marked increase in Fexco's commitment to continuous innovation, with investments in core products, technology, and resources.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: