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 as highly volatile currencies to persist,” said Puma CEO Arne Freundt in a Wednesday (Jan. 24) statement. “This continues to weigh...
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 BDC, and backed by the Central Bank of Nigeria (CBN), the new solution, Swap, is a secure and reliable platform that provides...
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 foreign currency they buy each day, Bloomberg reported Monday (April 17), citing unnamed sources. As a result, the lenders —...
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 ransomware gang, according to reports on Thursday (Jan. 9). The attack occurred on New Year’s Eve. On Jan. 2, Travelex...
September 08, 2017
Are ATMs due for a makeover? Seems so. No longer confined to just spitting out cash, the ATM must function beyond mere dispensing, crossing the Rubicon between digital-to-cash and cash-to-digital transactions. To that end, in August, Cardtronics and CashDash announced news that they integrated cardless cash withdrawal technology to enable foreign exchange (FX) functionality, stretching across […]
June 13, 2024
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 and finance sources who said these transactions have been growing steadily since the government loosened currency controls five years ago, allowing for more use of U.S. dollars. As the report […]
September 11, 2023
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 BDC, and backed by the Central...
April 17, 2023
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 foreign currency they buy each...
January 09, 2020
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 ransomware gang, according to reports...
