By MARAIA VULA FEXCO Pacific, a certified agent for Western Union Money Transfer, is expected to introduce new products to expand its brand. FEXCO Group executive chairman, Brian McCarthy, said: “In the future, we think a lot of money will be transferred from one person to another by using a smart phone. “We would spend a lot of energy in trying to develop systems to make it happen and make it a lot easier. “We might have it in the market in three to four years depending on perfecting the systems but it takes a lot of time because it needs to be tested in the market.” Mr McCarthy noted investing in these new products would amount to millions. FEXCO Pacific general manager, Steven Narayan, said the company’s aim was to grow in Fiji. Mr Narayan said: “We will be looking into other products that will create more employment for people and the opportunities for growing in the Pacific Islands.” Network event These comments were made during a networking cocktail event at the Holiday Inn Suva on Wednesday evening organised in honour of Mr McCarthy who was in Fiji to attend the company’s board meeting. Mr McCarthy said: “FEXCO Pacific covers a whole lot of territories besides Fiji so we had some enlightening issues covering these territories in our one day board meeting “First of all, this is my first trip to Fiji as it’s my first introduction to a country where we do a lot of business and definitely it won’t be my last.” Deputy FEXCO Pacific chairman Alistair Hutchinson said: “This the first time we had our Irish partner have a meeting in Fiji as we operate in 11 Pacific countries. “I regard Fiji as the hub I am very positive of what is happening here on the economy and about the future. “Fiji has a strong Reserve Bank and a good government and these are the ingredients that are needed for a good future.” FEXCO offices The company recently moved its headquarters to the Damodar City Complex along Grantham Road in Raiwai.
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FEXCO plans for new products
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