Foreign exchange (Forex) stories - Page 2

Airwallex has named James Teodorini Head of ANZ to spearhead growth in Australia and New Zealand after hitting USD $235 billion in volume.

Boku lifts H1 revenue 34% and EBITDA 53% as merchants shift from cards to wallets, pushing payment volumes to $7.4 billion.

A fresh US rate cut ripples through New Zealand markets as tech investors reassess global liquidity, risk assets and digital exposures.

Crypto exchange KuCoin is opening a Sydney HQ, ramping up local hiring and regulation-first products as it chases Australian growth.

Flywire links Weixin Pay to tuition in South Korea and Malaysia, giving Chinese students in-region RMB payment for university fees.

Mangopay hires former Spotify and GoCardless executive Andy Wiggan as Chief Product Officer to drive wallet-first growth and crypto expansion.

YouTrip launches in Australia with a zero-fee multi-currency travel card offering 2% cashback and real-time exchange rates across 150+ currencies.

The falling New Zealand dollar is pushing up holiday costs in Europe and the US, while travel to Asia becomes more affordable for Kiwi travellers.

Australia's peak retail season intensifies with US tariffs, as retailers leverage real-time payments, smart contracts, AI, and cross-border solutions to boost cash flow.

Gr4vy and Worldline have deepened their partnership to simplify cross-border payments, aiding merchants in travel, gaming, retail and digital goods to expand globally.

Ebury launches a mobile app enabling SMEs to manage international payments and FX on the go, offering real-time rates for over 130 currencies.

Major UK and US firms have reduced forex hedging amid policy uncertainty, but most plan to increase it significantly if interest rates rise in 2026.

Qantas and Airwallex have launched Airwallex Yield for over 625,000 SMEs, enabling returns on idle AUD and USD funds via low-risk money market investments.

iBanFirst appoints Sonia Boudier as Deputy CEO and Aurore Colson as Non-Executive Director to boost its European growth and client services.

Revolut Business launches Flexible Cash Funds in Singapore, offering firms up to 4.48% APY on USD balances with daily returns and easy access.

US and UK finance leaders cut FX hedging to lowest levels since 2024 start, but most will increase cover if interest rates rise next year.

Boku launches a new Innovation Hub in Singapore to develop fintech solutions aimed at simplifying global payments valued at USD $290 trillion by 2030.

The collaboration is set to offer Canadian customers easier international money transfers in over 10 currencies via their existing accounts.

The Bloomberg Code Crunch Hackathon in Singapore showcased top quant and AI talent, with NTU students and financial firms developing innovative investment tools.

Loon will develop a Canadian-dollar stablecoin to offer a domestic alternative to US-dollar stablecoins dominating Canada’s digital market.