Firms take advantage of retail FX boom
NEWS
LONDON -- Volumes in the retail FX market are growing as a result of globalisation and increased cross-border trade, prompting many companies to launch new online initiatives to target the market.
Yuval Tal, chief executive officer of E4X in New York, told FX Week around $1 billion is spent online each year on non-physical goods -- that is, goods that can be purchased internationally but delivered locally, such as airline tickets or hotel reservations.
E4X, a currency management solutions provider
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