foreign exchange

Foreign Exchange is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market.

The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders.

(source: investopedia.com)

Airwallex Debuts Borderless Visa Card for Canadian Businesses
Airwallex Debuts Borderless Visa Card for Canadian Businesses
April 10, 2024  |  Cross-border Payments

Airwallex has launched the Borderless Visa Card for businesses in Canada. The virtual card, announced Wednesday (April 10), is issued by Peoples Trust Company and lets Canadian businesses make...

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Travelex Brings ‘Click-and-Collect’ FX Service to Hong Kong
Travelex Brings ‘Click-and-Collect’ FX Service to Hong Kong
April 03, 2024  |  Travel Payments

Foreign exchange brand Travelex says it has launched its online click-and-collect service in Hong Kong. The new offering, announced Wednesday (April 3), lets customers purchase their travel...

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Travelex CEO Says Travelers Getting Smarter About Managing FX Risks
Travelex CEO Says Travelers Getting Smarter About Managing FX Risks
March 07, 2024  |  Travel Payments

The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard...

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CAB Payments Appoints Vanquis Banking Veteran Neeraj Kapur as CEO
CAB Payments Appoints Vanquis Banking Veteran Neeraj Kapur as CEO
February 23, 2024  |  Personnel

CAB Payments announced a CEO transition, with Neeraj Kapur set to succeed Bhairav Trivedi March 26. Trivedi, who has been CEO for three years, will...

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Multicurrency Corporate Cards Help Safeguard Firms Against Losses in Volatile FX Market
Multicurrency Corporate Cards Help Safeguard Firms Against Losses in Volatile FX Market
January 25, 2024  |  Cross-border Payments

Corporate card usage has surged in popularity, especially among small- to medium-sized businesses (SMBs) grappling with inflationary pressures and rising costs.  However, despite this trend,...

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Incentivizing Innovation Is Crucial for Transforming X-Border B2B Payments
Incentivizing Innovation Is Crucial for Transforming X-Border B2B Payments
January 16, 2024  |  B2B Payments

The ability to expand internationally is commonly viewed as a sign of a company’s strength. Doing business compliantly and profitably across borders takes a lot...

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What Global Merchants Need to Know About Boosting Cross-Border Sales
What Global Merchants Need to Know About Boosting Cross-Border Sales
January 04, 2024  |  eCommerce

Global merchants in eCommerce are grappling with countless challenges and opportunities in today’s digital era. Against this backdrop, building a thriving cross-border business demands a...

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Decision Brief: How Merchants Can Avoid FX Costs That Shave Margins and Hurt Sales
Decision Brief: How Merchants Can Avoid FX Costs That Shave Margins and Hurt Sales
December 22, 2023  |  Global Payments

Introduction: Online merchants can branch out into new markets and geographies. But to do so, and to boost sales, they must carry forward the implementation...

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J.P. Morgan Payments: AI, Blockchain and APIs Make Cross-Border Payments as Simple as Domestic Transactions
J.P. Morgan Payments: AI, Blockchain and APIs Make Cross-Border Payments as Simple as Domestic Transactions
December 05, 2023  |  Cross-border Payments

It’s no surprise that businesses and consumers continue to seek alternatives to traditional, costly and time-consuming methods for international payments, driving a growing demand for...

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