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OFX Group Limited (OFX:ASX)

Top Performing ASX Banking and Finance Stocks!

OFX ASX Share Price Chart 12 Sep 23

OFX’s goal is to build its business into the world’s leading value-added border/forex payments specialist. The Sydney based company has eight offices across the world and clients in over 50 countries. The company offers 24/7 localised client support to complement its global digital platform. OFX’s target market is business and high value consumers. The industry is fragmented and evolving.

Its Enterprise division handles regular cross border payments for entities such as payroll, dividends and tax. The C$90m (A$98m) acquisition of Canada based Firma in April 2022 provides important scale in the giant North American market.

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