Yachting Partners International (YPI) has partnered with foreign exchange specialists Currencies Direct to help its clients and crew save on all international transactions.
“Yachting is a global industry and almost everyone involved in it needs to transfer money around the world or buy foreign currency,” said Ian Petts, financial director for YPI. “We are always searching for ways to help our clients and crew limit the cost and inefficiency surrounding these transactions and with our new partnership service we are able to bring savings of up to 5 percent.”
Currencies Direct has 16 years experience in international payments and are authorized and regulated by the UK’s Financial Services Authority.
“We have taken the time to understand the industry’s needs to develop a tailored product
specifically for the yachting industry,” said Currencies Direct CEO Keith Hatton. “Currencies Direct is looking to develop a long-term relationship with the industry.”
Sim Lighten, a former yacht captain and now business development manager for yachting partnerships at Currencies Direct, said using the company to send transfers overseas or make international payments can result in savings of between 2 percent and 5 percent compared to using the same services at a bank.
“On the large sums involved, that quickly adds up to savings of thousands of pounds,” he said.
For more information, visit www.ypigroup.com/currenciesdirect.