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Fexco's Nordic Expansion continues with DCC for eCommerce

25 Mar 2015
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Fexco, the leading independent global provider of Dynamic Currency Conversion (DCC), is continuing its expansion in the Nordics with today’s launch of its DCC service for eCommerce in the region.

Through Fexco’s partnership with Euroline and Paynova, Nordic merchants will now have the ability to offer their international customers the option of paying in their home currency when making a purchase on a Nordic website, giving them full knowledge of exactly how much they are paying in their own currency.

The rollout of DCC for eCommerce is the next step in Fexco’s strategy to bring DCC to merchants across the Nordics, with particular focus on cross-border online shopping in Norway, Finland and Denmark.

Denis Cleary, Managing Director of Fexco’s DCC division, said: “Following our successful launch of DCC to retail merchants in Sweden earlier this month, we are pleased to expand our service offering to e-commerce merchants in the Nordic region. In partnership with Euroline and Paynova, we expect a swift rollout of this service to merchants across the Nordics. Bringing together our collective experience in the payments industry, DCC for eCommerce will offer consumers a superior online shopping experience where they can purchase goods in their home currency, and merchants will also benefit from an additional revenue stream for their businesses.

Speaking at an event in Stockholm, Ireland’s Minister of State for Business and Employment, Ged Nash TD said: “Exporting companies are important contributors to the performance of the Irish economy. The Action Plan for Jobs places a strong focus on growing export sales and assisting indigenous companies to realise their export potential. Today’s announcement represents a significant alliance between three innovative companies and further enhances Fexco’s presence in the Nordic region. I congratulate Fexco and wish them continued success in their international expansion”.

”Euroline is the market leader in the e-commerce sector and, through Fexco’s best-in-class DCC solution, we are proud to offer our e-tailers a service that further improves their customers payment experience,” said Ulf Andrén, Head of Sales for Euroline.

“Paynova is the first PSP in the Nordic region to launch Dynamic Currency Conversion (DCC) online where the merchant can benefit from the exchange charges previously imposed by the card networks and the card issuer. DCC strengthens the merchant´s business margin of overseas transactions without taking any currency risk and is another example of Paynova’s mission to create customer value.” said Daniel Ekberger, CEO Paynova AB.

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