foreign currency

Foreign Card Use Brings US Dollars Back to Venezuela
Foreign Card Use Brings US Dollars Back to Venezuela
June 13, 2024  |  International

Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector...

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Puma Sales Drop As Argentina’s Peso Takes Abrupt Dive 
Puma Sales Drop As Argentina’s Peso Takes Abrupt Dive 
January 25, 2024  |  Retail

Footwear brand Puma is cautioning that external challenges are expected to persist throughout 2024.  “For 2024, we foresee the geopolitical and macroeconomic challenges as well...

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Flutterwave Launches Digital FX Solution for Nigerians
Flutterwave Launches Digital FX Solution for Nigerians
September 11, 2023  |  Digital Payments

African payments technology company Flutterwave has launched a digital solution aimed at addressing the challenges faced by Nigerians in accessing foreign currencies. Developed in partnership with Wema Bank and Kadavra...

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Turkey Reportedly Asking Banks to Limit Purchases of Foreign Currency
Turkey Reportedly Asking Banks to Limit Purchases of Foreign Currency
April 17, 2023  |  Banking

Turkey’s central bank is reportedly taking measures to protect the value of the country’s currency. The measures include asking banks to limit the amount of...

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Travelex Attack Forces UK Banks To Halt Foreign Currency Service
Travelex Attack Forces UK Banks To Halt Foreign Currency Service
January 09, 2020  |  Security & Fraud

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a...

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Survey: US Retailers Face Fraud, Currency Barriers In Global Online Sales
Survey: US Retailers Face Fraud, Currency Barriers In Global Online Sales
October 25, 2019  |  Retail

A new survey has found that the biggest obstacles hindering online retailers from doing business abroad is fraud prevention, and currency and payment processing. Fraud...

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Citi Taps Kantox For Enhanced Corporate FX
Citi Taps Kantox For Enhanced Corporate FX
October 08, 2019  |  B2B Payments

Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients, the companies said in a press release on Monday...

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Reserve Bank Of Zimbabwe Clamps Down On Mobile Money Services 
Reserve Bank Of Zimbabwe Clamps Down On Mobile Money Services 
September 30, 2019  |  International

Zimbabwe, in an attempt to control the spiraling inflation problem with its currency, is restricting mobile money and tightening controls for foreign exchange outfits. It is...

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Zimbabwe To Allow Withdrawal Of US Dollars From Foreign Currency Accounts
Zimbabwe To Allow Withdrawal Of US Dollars From Foreign Currency Accounts
July 01, 2019  |  International

The government in Zimbabwe has said it will allow citizens of the country to withdraw amounts up to $1,000 from foreign currency accounts, in a...

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