OFX OFX Group Limited

OFX drives awareness of hidden bank fees on international money transfers with branded currency converter on Yahoo Finance

OFX (ASX:OFX), one of the world’s largest international payment providers, today announced the debut of a new currency calculator widget on Yahoo Finance. This is OFX’s latest move to help educate U.S. consumers and businesses that there's a smarter way to move money internationally. The widget gives users access to real-time rates and a one click option to register and transfer their international payments with OFX.

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Currency transfers are commonplace in many areas of the world but less so in the U.S. OFX is intent on helping consumers and businesses understand that there are less expensive alternatives than transferring money through a bank. OFX is able to pass on their low cost of moving money online to consumers and businesses because of their global network of banking relationships and the fact that they have no physical presence.

David Nicholls, Head of Payments Solutions at OFX stated: “We at OFX are on a mission to help consumers and businesses better understand the difference between the rates banks charge each other (the interbank rate) and the rates consumers receive which are inflated by margins, markups and fees. By partnering with Yahoo Finance, we hope to accelerate savings to consumers and businesses that need to move money internationally. Armed with the right information, consumers and businesses can save significantly by switching to a provider that offers better rates and an improved customer experience.”

About OFX

OFX gives consumers and businesses a smarter, online and mobile alternative to existing currency exchange services. Since its launch in 1998, OFX has transferred more than $100B in 55 currencies across the globe. Drawing from two decades of experience, OFX Group is a leading global money transfer business, with over 300 employees and offices in San Francisco, Sydney, Toronto, San Francisco, London, Hong Kong and Auckland.

The OFX Group Limited is a publicly listed entity with shares on the Australian Securities Exchange ("ASX") under the code "OFX." The parent group is consolidating services under the global brand OFX from prior brands OzForex, UKForex, USForex, CanadianForex, NZForex, Tranzfers and ClearFX. OFX also powers the international money transfer services of Travelex, MoneyGram, ING Direct, Macquarie International Money Transfers and other international financial institutions. USForex Inc. dba OFX. OFX is the registered trade name of USForex Inc. a licensed money transmitter. NMLS #1021624.

For more information on OFX, visit www.OFX.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170531005466/en/

Highwire PRJennifer Harlan, 646-838-1190 ext. 63ofx@highwirepr.com

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