By Irishexaminer.com,Martin Claffey
Copyright irishexaminer
Fexco was founded in 1981 and employs more than 2,800 people across its entire businesses, with operations in 50 countries.
“2024 was a strong year for Fexco, with solid financial results, a growing customer base, and important strategic progress. We continued to invest in our platforms, our people, and our products, strengthening our position in the markets we serve,” said chief executive Neil Hosty.
Fexco said the company remains “alert” to the challenges of tariff impacts on the global economy, but continues its strategy of investing in core products, expanding into new markets and innovating across its offerings and new ventures, “ensuring the organisation’s long-term future as a global leader in Payment and FX, as well as business services”.
Fexco said strategic technology investments have focused on further strengthening infrastructure, enhancing resilience, and supporting ongoing innovation, both in existing fintech services and Artificial Intelligence (AI).
In July 2025, Fexco acquired Sainsbury’s Travel Money service, marking an expansion of the company’s operations in the UK. With this investment, Fexco will assume control of Sainsbury’s Travel Money, from early 2026, including its digital platforms and channels, and more than 220 physical in store bureaux de change outlets in the Sainsbury’s retail network.
Fexco has also invested in cloud technologies to enable greater flexibility and operational efficiency within the group. It upgraded its network infrastructure and invested in advanced threat protection and cybersecurity compliance.
The Kerry firm said it is committed to developing its core platforms, including its payment orchestration platform, payUnite, which has already captured 35% of the Cruise market and currently processes over $17bn (€14.5bn) in transactions annually. The year also saw payUnite announce its plans for expansion into the aviation, hospitality, and retail sectors.
In the Asia-Pacific region, Fexco partnered with Maya, a digital payments provider in the Philippines, to implement DCC across 112,000 merchant terminals. Meanwhile, in Latin America, Fexco launched its partnership with DAI Brasil ATM in 2024 to deploy its dynamic currency conversion (DCC) solutions throughout Brazil’s nationwide ATM network.
Fexco also renewed its 15-year partnership with the Sustainable Energy Authority of Ireland (SEAI), which manages managing 200,000 customer interactions per annum.
