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Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough, United Kingdom.Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance.
The £440m acquisition of Thomas Cook's Global & Financial Services business in March 2001 made Travelex the world's largest non-bank foreign exchange business. Dorfman began to develop the presence of the company in Asia, starting with Japan and spreading to India in 2003 and China in 2004.
"The outbreak of Covid-19 is an incremental negative for Travelex's business given broad exposure to airports and travel flows. VAT and related services will also be negatively impacted. While China and other Asian in-country revenue account for approximately 10% of Travelex revenues, other markets closely linked to Asian outbound travel are ...
Travelex provides forex services for customers of HSBC <HSBA.L>, Barclays <BARC.L>, Virgin Money <VMUK.L> and the banking arms of British retailers Tesco <TSCO.L> and Sainsbury <SBRY.L> through ...
Cover-More Group was established in 1986 in Sydney, Australia. [2] [3] A partnership to provide travel insurance services for Flight Centre Travel Group, a travel agency network, started in 1991 and continues to this day.
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Travelex stated it planned to work with the Bank of England to begin registering the QUID as possible legal currency in the future. [ 1 ] On October 5, 2007, a one-page press statement announcing the QUID was released and placed on the United Press International press release newswire.
OFX, previously known as OzForex, is an Australian online foreign exchange and payments company with headquarters in Sydney.The company provides money transfer services to individuals such as migrants and expatriates and small businesses as well as providing white-label international transfer services for Travelex, MoneyGram, Xero, Capital One 360 and Macquarie Group.
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