Western Union has completed the acquisition of Travelex Global Business Payments. The combined business will offer clients, who are mostly small and medium-sized enterprises (SMEs), scale and expanded global reach in the estimated US$24bn international SME cross-border business payments market.
Business customers are able to send cross-border payments in over 140 currencies from 18 countries. More countries are to be added in 2012.
Western Union plans to integrate Travelex Global Business Payments into its Business Solutions division in the coming months. The acquisition adds over 1,000 new employees to Western Union, bringing global employment for the Fortune 500 company to over 8,000.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more