SMALL WORLD FS HITS 35M TRANSACTIONS

Rapid growth set to continue as Europe’s largest payments services provider extends online payment offering to nine countries, and accelerates growth trajectory across Europe and North America

Small World FS, Europe’s largest payment services provider, celebrated reaching 35 million transactions sent on 31st March 2014. This significant business milestone comes at a time of accelerated growth for the group, with successful entry to 20 markets globally and the rapid extension of Small World’s online and mobile offering, which is now available in nine countries.

Small World’s digital service allows customers to send money online quickly, easily, and with full control of their account, over the Internet or on their mobile. Small World has the world’s third largest payment network globally, offering customers the widest choice of payment options.

Small World FS specialises in providing highly localised customer service and market-targeted payment solutions, with a network of over 200,000 locations worldwide. The company’s global network means that payments can be collected in cash in under 15 minutes, or deposited to bank accounts globally within hours. Other payment options include home delivery, mobile wallet, and mobile top-up.

Nick Day, CEO of Small World FS said of the extension of the online service: “The international payments market is growing rapidly, and I’m proud to see Small World FS’s growth accelerating through all our channels, as well as in all of our markets across Europe, North America and Africa. The unparalleled development of our online payment offering means we are now delivering the widest choice of solutions of any European payment services provider. It’s this multi-channel model that is really helping us give customers the service they are looking for and we see this coming through in our fast-track growth rates.”

“Small World FS has been nine years in the making and I thank all of our 450 staff members around the world who have made this possible.”

The latest extension of Small World’s online service means customers can quickly and easily send money online, as well as track the status of their orders, add or edit beneficiary details, check exchange rates, and find the best locations and services to suit their needs – at a price point that is a fraction of the banks and major competitors.

In December 2013 Small World FS’s achievements were recognised by the UK Government’s Tech City initiative, which named the company in their Future Fifty programme. The scheme helps high-growth companies to scale rapidly and reach their full potential, with support from Government, as well as access to services and schemes from Future Fifty private and public sector partners. The company has grown at a rapid pace since launch, resulting in Small World now being the largest international payments operator to have emerged from Europe in recent years.