iWorld Cambio is a European investment group specializing in retail currency trading and person-to-person money transfers. The Group’s commercial activity began in Malaga (Spain) in 1991 and its objective was to transform the foreign exchange services sector. The Group currently carries out activities in the following European countries Belgium, Bulgaria, Spain, the Netherlands, Italy and Romania.
The reason for our growth is based on two fundamental principles that together form our business formula:
- The first is specialized knowledge, which we can guarantee by applying the strictest internal criteria when it comes to selecting new acquisitions and business partners. Our goal here is to maximize profits while using resources as efficiently as possible.
- The second is accountability, which means that all staff, from the CEO to the cashiers who serve the public, possess the necessary competencies, within reasonable limits, to carry out their tasks independently.
Phases in the development of the Society
Foreign exchange and money transfer services have been an activity traditionally carried out by banks, which have never considered it as an important source of income. The quality of the service has never been very high and has been characterized by the existence of long queues, inadequate opening hours and the lack of certain currencies.
We retrieve these services from the banks and adapt them to the client’s needs. We bring activities to the city center so that we offer our services when and where it is necessary.
Since the beginning of our activities, the number of transactions carried out in our iWorld Cambio agencies has continuously increased and, in fact, has exceeded the expected levels. In 2008 we have noted with satisfaction that we have provided services to more than 2 million customers.
We have become the first Spanish company in foreign currency services abroad and in Belgium we are the second largest private currency company in terms of sales. We have also become one of the largest European organizations in the retail currency services sector.
In the coming years, the Group’s main objective will be to invest in a number of retail sectors in order to increase diversification, thereby reducing the risks inherent in market fluctuations, and increasing capital returns.