25 C
Dubai
Friday, March 29, 2024
spot_img

Travelex launches WBN business in the Middle East

[ad_1]

Travelex, the market leading foreign exchange brand and wholesale banknote supplier to over 200 financial institutions and central banks around the world, has launched its wholesale banknote business in the Middle East.

The business already attracts a wide range of retail banking and non-banking clients in the region and plans to aggressively expand its client base in EMEA and Asia in 2023.

Underpinning this growth is Travelex leveraging its international vault network and ability to distribute banknotes globally, with the Middle East WBN business already undertaking freight to and from Malaysia, Hong Kong, the UK and the Gulf region.

global market share

By expanding its Middle East WBN business in 2023, Travelex aims to become one of the leading wholesale banknote suppliers in the Middle East and Turkey and further expand its global market share.

To provide customers with security that meets their needs, WBN Business has also invested in partnerships with several cash transport providers, including its UAE partners Transguard Group, Brinks, Loomis, Ava Global, G4S and World Security; WBN also Expanding cooperation with Etihad Secure Logistics & Cash Trans.

Batu Dolay, Commercial Director Middle East and Turkey at Travelex, said: “Our aim is to become the leading WBN MSB in the MENA region by building a solid reputation for reach, reliability, pricing and speed.

“We pride ourselves on our unrivaled ability to source and distribute banknotes globally, utilizing Travelex’s global network of vaults, and we look forward to expanding our customer base in 2023 with long-term partnerships in Europe, Asia, and the wider Middle East and North Africa related areas and other areas.” — trade arab news agency

[ad_2]

Source link

Related Articles

95% Off and Dh10,000 Daily Prizes Await in UAE’s 3-Day Extravaganza Starting March 29, Thrilling Offer Bonanza

95% Discount and Dh10,000 Daily Prizes, UAE Launches 3-Day Extravaganza UAE residents are in for an exhilarating shopping spree right from the comfort of their...

ADIB Spearheads Dh863 Million Shariah-Compliant Syndicated Loan Closure, Elevating Triumph

ADIB Secures Dh863 Million Shariah-Compliant Syndicated Loan Abu Dhabi Islamic Bank (ADIB) has proudly announced the triumphant conclusion of a Sharia-compliant syndicated transaction amounting to...

Abu Dhabi Industrial Renaissance: Surging Ahead with a 51% Surge in Licences

Abu Dhabi Industrial Renaissance: Surge of 51% in Licences Signals Powerhouse GrowthThe latest figures released by the Abu Dhabi Chamber reveal a significant upswing...

Implementation of a global minimum tax have stirred curiosity and concerns among individuals in the UAE

Implementation of the Global Minimum Tax for UAE: Empowering Insights The Ministry of Finance (MoF) in the UAE has initiated a process to gather input...

Empowering Souls The Journey of Shweta Velkar and SoulWaters Spirituality

Introduction: Navigating the Spiritual RealmShweta Velkar, also known as AARYA, is the visionary behind SoulWaters Spirituality, a sanctuary aimed at facilitating divine connections and...

Latest Articles