Media Releases
Travelex Australia works with EFIC to increase foreign exchange trading lines to SMEs
1 July 2011
Against the backdrop of a tighter credit market for small business, Travelex Global Business Payments, the world’s leading cross-border payments specialist, today announced a doubling of foreign exchange trading lines offered to eligible Small and Medium Sized Enterprises (SMEs) involved in exporting.
Travelex GEO launches renminbi payments into China
June 6, 2011
Travelex Global Business Payments, the international payments specialist, today announced that their business customers will now be able to trade in Chinese renminbi through Travelex’s unique GEO Global Clearing Network. Travelex will be the first non-bank Payments Specialist to offer business transfers in renminbi, the official currency of the People’s Republic of China.
Importers urged to remain proactive on risk mitigation as dollar hits record highs
13 April 2011
Travelex Global Business Payments, the world’s leading cross-border payments specialist, has urged both small- and medium-sized businesses (SMBs) who conduct trade overseas to remain proactive in their approach to mitigating currency risk as the $AUD today hit a record high against the $USD.
Travelex’s GEO commences cross border payments for Rakuten Bank
27 January 2011
Travelex Global Business Payments, the leading cross-border payment services provider, today announced it has commenced international payments services for Rakuten Bank, part of the Rakuten Group and one of Japan’s leading e-commerce companies, through its GEO international payments platform.
Travelex Strengthens Senior Management Team
February, 2011
Travelex Global Business Payments, the world’s leading cross-border payments specialist, has made two new senior additions to its Global Management Team over the last few months as it accelerates growth on the back of its recently launched GEO Global Clearing Network. The appointments have been made to support Travelex’s growth strategy in 2011 and are with immediate effect.
Travelex Wins Best FX Product Award – Beating The Banks At Their Own Game
October 19, 2010
Travelex, the foreign exchange (FX) and business payments specialist, has won the Best FX Product Award at the Australian Banking & Finance’s (AB&F) Corporate and Business Banking Awards for 2010, beating ANZ and other FX providers to the top title.
Travelex Heralds Next Generation Payments With Launch Of ‘GEO’ For Financial Institutions
October 25, 2010
Travelex Global Business Payments, a leading provider of international payments and foreign exchange solutions, today launched a new payment service, GEO for Financial Institutions.
Social Media: A Growing Force in the Payments World
August 10, 2010
David Sear, Divisional Managing Director for Travelex Global Business Payments, highlights how the rise of social media applications have influenced the payments space and traditional banks are falling behind in their ability to keep up in an evolving marketplace.
Travelex and EFIC help exporters manage their foreign exchange risk
11 May 2010
Travelex and the Australian Government’s export credit agency, Export Finance and Insurance Corporation (EFIC), today announced an agreement that will allow Travelex to provide eligible exporters with higher foreign exchange trading limits without the need for additional security from the exporter.
Travelex urges SME's to protect against currency volatility
Australian SME’s are being warned that unexpected changes in the foreign exchange market could significantly impact their bottom line. Travelex Regional Divisional Director, Asia Pacific, Kerry Agiasotis, said following recent volatility in the value of the $AUD it was an opportune time for SME’s to consider the FX risk in their business. To help SMEs better understand foreign exchange (FX) exposure and risk, Travelex has released a new resource, A Guide to Hedging – How SME’s Can Protect Their Profit Margin.
