Moneycorp the foreign currency specialists has continued its ambitious international expansion with the opening of two new offices in Portugal and Turkey. The new operations provide specialist foreign exchange services to overseas property investors in these markets and take the total number of Moneycorp offices globally to nine – three of which have been opened in the last year.
Both offices are in popular holiday and property investment destinations for British and European investors – Vilamoura (Algarve) and Bodrum – fully covering each country by working closely with key partners that are based elsewhere.
Vasilios Dimarakis, Head of Overseas Operations at Moneycorp commented: “The opening of our Turkey and Portugal offices is a great step forward as we look to expand our business globally. Given our local presence, overseas property investors and émigrés in these areas can now benefit from expert and accessible foreign exchange services as well as support services from our affiliates. We’ll be looking to develop further these relationships with professionals in the Turkish and Portuguese property and migration industries.”
Iain Tozer, General Manager of Parador Properties’ Portugal Head Office said: “We work closely with Moneycorp so their new presence in the Algarve is very welcome indeed. The fact that more than 80 per cent of our clients use their money transfer services says a lot about the quality of their operation. We’ve certainly found them to be less bureaucratic than other providers with less paperwork and a quicker, more efficient service.”
Serap Bolukbasi, Client Commercial Services Manager of Parador Properties’ Turkey Head Office said: “We have had very positive feedback from our clients about Moneycorp’s service which gives us great peace of mind when making referrals. Being able to recommend a foreign exchange company with confidence allows us to provide a more complete client service and Moneycorp’s new office in Bodrum will allow us to develop an even strong working relationship with them.”
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