Revenue model

Revenue model for FXPs

FXPs are not permitted to charge a separate fee to PSPs for the FX service they provide. Therefore FXPs must set exchange rates at a level that provides for all their own costs plus a profit margin.

Costs incurred by FXPs

Key costs incurred by FX Providers will include:

• The costs of acquiring a particular currency

• The costs charged by Settlement Account Providers, where used (ie. in countries where the FXP is not itself a direct member of a particular Instant Payment System).

• All other costs of operation, onboarding PSPs regulatory compliance etc.