Moneycorp Takes Minority Stake in Brazilian Novo Mundo Corretora de Câmbio
- After a two year commercial partnership with Novo Mundo Corretora de Câmbio, Moneycorp has acquired a minority stake in the Brazilian firm.
UK-based Moneycorp announced that they have invested in Novo Mundo Corretora de Câmbio, taking a minority stake in the Brazilian currency exchange transfer firm. According to Mark Horgan, CEO of Moneycorp, the investment was made as part of their foreign expansion as he stated, “Acquiring a stake in Novo Mundo is part of Moneycorp’s long-term international expansion strategy, which is focused on establishing a foothold in markets that offer solid and sustainable growth opportunities both now and the future.”
A provider of international money transfer and currency exchange services at its physical branches and Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term, Moneycorp also announced that their gross profit grew 20% during the first half of 2015 to £60.4 million. The firm pinned the growth on their record investment in online capacity during 2014.
With offices in Curitiba, Rio de Janeiro and Salvador, Novo Mundo has been a commercial partner for Moneycorp in Brazil, providing a local presence for sending and receiving transfers through Moneycorp’s network. The foreign presence adds to Moneycorp’s offices that they have opened in the US, Spain, Ireland and France to facilitate Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term to and from the UK.
According to Horgan, “Novo Mundo has been an excellent commercial partner to moneycorp for more than two years, so the investment was a natural next step in solidifying and growing moneycorp’s presence in the South American market, where we see huge opportunity for specialist FX services based on competitive pricing, expert teams and fast, efficient systems.”
UK-based Moneycorp announced that they have invested in Novo Mundo Corretora de Câmbio, taking a minority stake in the Brazilian currency exchange transfer firm. According to Mark Horgan, CEO of Moneycorp, the investment was made as part of their foreign expansion as he stated, “Acquiring a stake in Novo Mundo is part of Moneycorp’s long-term international expansion strategy, which is focused on establishing a foothold in markets that offer solid and sustainable growth opportunities both now and the future.”
A provider of international money transfer and currency exchange services at its physical branches and Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term, Moneycorp also announced that their gross profit grew 20% during the first half of 2015 to £60.4 million. The firm pinned the growth on their record investment in online capacity during 2014.
With offices in Curitiba, Rio de Janeiro and Salvador, Novo Mundo has been a commercial partner for Moneycorp in Brazil, providing a local presence for sending and receiving transfers through Moneycorp’s network. The foreign presence adds to Moneycorp’s offices that they have opened in the US, Spain, Ireland and France to facilitate Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term to and from the UK.
According to Horgan, “Novo Mundo has been an excellent commercial partner to moneycorp for more than two years, so the investment was a natural next step in solidifying and growing moneycorp’s presence in the South American market, where we see huge opportunity for specialist FX services based on competitive pricing, expert teams and fast, efficient systems.”