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