KiaKiaFx, Turtlewax BDC partner to deepen foreign exchange market

KiaKiaFX and TurtleWax Bureau de Change (BDC) have partnered to deepen the foreign exchange (forex) market and services, through robust technology and customer friendly approach in promoting sales and obtaining forex in the country.

Management of the firms and their partners, Perchstone and Graeys, made this known during the official launch and unveiling of KiaKiaFX in Lagos at the weekend, stressing that the indigenous firm would promote the sale of retail FX obtained from autonomous sources.

Speaking at the signing of the technical services agreement with TurtleWax BDC, Managing Director of KiaKiaFX, Abosoye Coker, assured that customers could exchange FX from the comfort of their homes and offices through their desktops, tablets of mobile devices.

Coker explained that due to government’s quest to check money laundering and corruption, the platform could allow customers to do $2,000 per transaction and a maximum of $20, 000 daily.

“With a chic and simple feel, the website offers users the opportunity to navigate through KiaKiaFX’s extensive range of FX services with ease. The website, which has robust security features, delivers a full user experience, transitioning easily from desktop to mobile services.

“We hope that users will find our interface accessible and easy to use.

The FX market is a growing market worldwide due to increased globalisation and KiaKiaFX has identified a market need for a transparent and convenient retail space for multiple currency pairs,” he stated.

Responding, Managing Director of TurtleWax, Olatunbosun Sanyaolu-Oyo, said customers are excited about the website, adding location and time would no longer be a burden for retail customers.

Also speaking, a director of KiaKaiFX, Iyabo Lawal, added that both companies look forward to expanding their businesses, while building a long and prosperous partnership.

A partner with Perchstone and Graeys, Tolu Aderemi, commended the firms fro the partnership, especially as they have keyed into Federal Government’s initiative of promoting the Ease of Doing Business powered by the Presidential Ease of Doing Business Environment Committee (PEBEC) headed the Vice President Yomi Osinbajo.

“The KiaKiaFX and TurtleWax partnership is a laudable platform that is set to revolutionise the forex market (using technology).

“It is coming at the most appropriate time when the Federal Government through its Economic Recovery and Growth Plan (ERGP) 2017-2020 is set to engage private sector investment through the focus laboratories across the country.

“The KiaKiaFX platform will play a significant role in the ERGP with an initial phase of $22.5 billion investment potential across the country,” he said.