Sept 18 (Reuters) - OFX Group Ltd (OFX) :
- ANNOUNCES EXCLUSIVE STRATEGIC PARTNERSHIP WITH LINK MARKET SERVICES LIMITED
- PARTNERSHIP WILL BE FOR AN INITIAL TERM OF 5 YEARS AND IS EXPECTED TO LAUNCH IN MARCH 2020
- PARTNERSHIP EXPECTED TO GENERATE APPROXIMATELY $5M IN ANNUAL FEE & TRADING INCOME BY FY22
- OFX TO BECOME LINK'S PREFERRED PARTNER IN AUSTRALIA FOR INTERNATIONAL PAYMENTS LIKE DIVIDENDS & CORPORATE ACTION PAYMENTS
- PARTNERSHIP WILL BE SUPPORTED BY A CAPITAL EXPENDITURE INVESTMENT OF APPROXIMATELY $2M IN FY20, FUNDED BY CASH
Source ( http://bit.ly/31vBifp)
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News: OFX OFX Group Announces Exclusive Strategic Partnership With Link Market Services
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