Ofx Group Limited

( ASX:OFX ) - Diversified Financials


OzForex: Money Market Growth Potential

Newly listed OzForex Group (OFX) has hit the ground running. Brokers are attracted to the medium-term growth profile as well as a strong balance sheet. The company engages in online payment services and international money transfer. This is a market that is growing rapidly and the size of the payments are increasing because of increased trade, foreign investment and cross-border movement of individuals. Online commerce is becoming sophisticated, and companies and individuals are attracted to the ability to assess the competitiveness of the options they have – online.

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