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Profitable Payment Services Business in Sydney, Australia

  • 1,644,427 $

Business Overview

- Business provides money transfer & foreign exchange services and started operating at the end of 2014.

- Company caters for customers in Australia needing to send money to the Philippines.

- Company facilitates AUD to PHP foreign exchange and money transfer.

- We have over 18,000 registered customers with unique email address and verified Australian mobile number. These customers are IDed and KYCed as per the regulators (AUSTRAC)

- We do over 5,000 transactions ranging from AUD $6 million to AUD$11 million per month.

- We have API based inhouse web and mobile applications (Android & iOS).

- Business holds independent remittance license in Australia & holds Forex Trading and Remittance license in the Philippines.

- We have an existing and stable contract with 2 of the largest banks in the Philippines.

- Director of the company is well integrated within the Filipino community in Australia.

- Potential to expand and service other immigrant communities in Australia (India, Indonesia, Vietnam)

Products & Services Overview

Money Transfer to the Philippines & Foreign Exchange.

Learn more

Tags: Profitable Payment Services Business in Sydney, Australia

About the project

Business industry
Technologies
Financial performance
EBITDA 40%
Sales per year 822 213 SGD
The size of the sold share 100%
Required volume of investments 1 644 427 SGD
Country
Australia
Business industry
Technologies
Financial performance
EBITDA 40%
Sales per year 822 213 SGD
The size of the sold share 100%
Required volume of investments 1 644 427 SGD
Country
Australia
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