
Fourex: World-beating UK Saffers' invention busy disrupting forex forever
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South Africans Jeff Paterson and Oliver du Toit are reshaping the way the world changes foreign exchange. Every day hundreds of Londoners swap foreign notes and coins at the handful of their Fourex machines spotted around London underground stations. Soon there will hundreds, perhaps thousands of the machines all over the world. Their invention will massively disrupt an industry where thousands of Foreign Exchange shops charge big commissions and refuse to accept coins or old notes. In this inspiring interview, Patterson tells the Fourex story to Biznews.com's Alec Hogg - explaining how the support of Radio 702's John Robbie and his listeners provided the game changer which lifted the fledgling company above thousands of others in the UK's high profile "£1m Pitch to Rich" competition which Fourex won. And how that win, and the subsequent endorsement from Virgin's Richard Branson, turned the world into their oyster. It's a tale of perseverance and resilience by two Johannesburg boys who never knew when to throw in the towel - and are revolutionising the way we deal with currency - one foreign coin at a time.