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News Centre Audited Results for the year ended 31 March 2015

29 September 2015

MoneySwap Plc

("MoneySwap", the "Company" or the “Group”)

 

Audited Results for the year ended 31 March 2015

 

MoneySwap (AIM: SWAP), the provider of payment solutions to online and point of sale merchants licenced for UnionPay in the UK and the provider for the UnionPay MoneyExpress service enabling overseas persons to send funds directly to UnionPay cardholders in China, is pleased to announce the Company's audited results for the 12 months ended 31 March 2015.

 

Highlights for the year ended 31 March 2015

 

  • FIS and Sage Pay, two leading PSPs in the UK, have integrated their UnionPay POS e-gateway with MoneySwap.
  • Signet Jewelers Limited UK enabled over 550 of its outlets in the UK to accept UnionPay card payments using MoneySwap UnionPay solution.
  • Successfully completed integration of MoneyExpress service with key banks and remittance partners, including Xoom Corporation, one of the leading digital money transfer service providers in the US. 
  • Administrative and operating expenses were significantly reduced by 21% to US$3.79 million (£2.35 million) from US$4.80 million (£2.98 million) in 2014.
  • Net loss for the year was US$3.46 million (£2.15 million), improved by 25% compared with last year’s loss of US$4.64 million (£2.88 million).

 

A copy of the annual report and accounts will shortly be made available on the Company's website, www.moneyswapholdings.com, in accordance with AIM Rule 20.

 

 

For further information, please contact:

 

MoneySwap Plc

Allenby Capital Limited

MoneySwap Plc

 

Nominated Adviser

Financial PR

Richard Proksa

Chief Executive Officer

Nick Naylor

James Reeve

Fiona Fenn Smith

 

+852 3919 9888

+44 20 3328 5656

+44 7712 101922

 

About MoneySwap (www.moneyswap.com)

MoneySwap provides payment solutions and gateways to merchants that allow both online and point of sale transactions to be settled using UnionPay cards in the UK. In addition, UnionPay has licensed MoneySwap for its MoneyExpress service, which enables overseas persons to send funds directly to UnionPay cardholders in China. The Company also offers an online peer-to-peer platform for currency exchange and payments. The Company’s shares are traded on the London Stock Exchange’s AIM market (AIM: SWAP).  More information can be found at www.moneyswap.com .