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PAYDAQ - Money Transfer

 

News

PAYDAQ - offers low cost money transfer service to International customer base in Ireland and the UK


Dublin, Ireland, 27 September 2006. Dublin based company PAYDAQ has launched a low cost money transfer service in response to increasing market demand. CEO of PAYDAQ, Mark Durkin identified an opportunity to provide a cost effective money transfer service that offered better value to those transferring money within Ireland and the UK to international markets. Durkin commented, “after extensive research into the money transmission markets in Europe, it became apparent that many consumers were prohibited from transferring money as often as they would have liked because of the high rates being charged by existing providers”.

PAYDAQ was the first company in Ireland authorised by the Financial Regulator as a money transmission business. Its business model is based on providing value to the customer, with transfers starting from €2.65. The company is currently offering its services to customers in Poland, Lithuania, Czech Republic, Estonia, UK and Ireland.

PAYDAQ customers also benefit from very competitive foreign exchange rates, which are published daily on www.paydaq.com. In addition, customers can accurately price a transfer online which is paid out in the recipients’ local currency prior to sending it.

Once registered with PAYDAQ, customers can transfer money online. The service is available 24 hours a day, 365 days a year. The company has also selected agents nationwide for those reluctant or unable to access online payment options.



About PAYDAQ:

PAYDAQ (www.paydaq.com) is Ireland’s first money transfer company authorised by the Financial Regulator. PAYDAQ offers a low cost alternative to existing providers with transfer fees from €2.65. The service is available online at www.paydaq.com and through selected agents nationwide. Registration is easy and only takes a minute to complete. Once registered, you can transfer money online 24 hours a day, 365 days a year.

Backed by private investors, PAYDAQ is also supported by Enterprise Ireland. The company was a finalist in the 2006 Docklands Innovation Awards.


For further information, please contact:
Mark Durkin, PAYDAQ: +3531 4877 800 

 

Published: 27.09.2006