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Travelex
Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough, United Kingdom. Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance. Travelex operates more than 600 stores and 700 ATMs in over 20 countries. History Travelex was founded as Express Exchange by Dorfman and opened its first branch in central London in 1976. By 1978 the company had four central London stores. The company experienced growth in the 1980s, opening its first international store in 1984 in Rotterdam, and its first store at Heathrow Terminal 4 in 1986. Express Exchange subsequently became Travellers Exchange Corporation — or Travelex — when abbreviated. Travelex expanded throughout the US and into the APAC region in the 1990s. The company also undertook a series of investments, acquisitions and takeovers during this period, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finablr
Finablr was a financial services holding company that operated between 2018 and 2020. It was listed on the London Stock Exchange, but its shares were suspended and subsequently delisted from trading in 2020 after a financial scandal. The company was bought by Prism Group AG and Abu Dhabi's Royal Strategic Partners in Dec 2021 and rebranded as WizzFinancial. History Foundation and IPO The company was established by the Indian-born former billionaire B. R. Shetty in April 2018. Initial investments included UAE Exchange, which Shetty acquired in 1980, and Travelex, which was acquired in 2014. In October 2018, Finablr brands, Travelex and Swych, launched a cross-border shopping solution for WeChat Pay users. In November 2018, Finablr acquired India's digital payments firm TimesofMoney from Network International to capitalise on the growth of e-commerce. Also in November 2018, Finablr became a majority shareholder of Swych, a digital gifting platform. The company was the subject of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd Dorfman
Sir Lloyd Marshall Dorfman (born 25 August 1952) is a British entrepreneur and philanthropist. He founded Travelex, the world's largest retailer of foreign exchange. According to The '' Sunday Times Rich List'' in 2020, Dorfman is worth £720 million. Early life Dorfman's family were Jewish immigrants from eastern Europe who came to London before The Great War. He was educated at St Paul's. He did not attend university, but instead studied for the Bar at Lincoln's Inn for a year, but did not finish the course. Career In 1976, Dorfman started his own currency exchange business from one small shop based in Southampton Row in central London. The company spread to ports overseas, initially in the Netherlands and Belgium. In 1986, Dorfman won Travelex a landmark contract as the first non-bank foreign exchange provider at the newly opened Heathrow Terminal 4. The company expanded into airports worldwide, opening in the USA in 1989 shortly followed by Australia in 1990. The £ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bavaguthu Raghuram Shetty
Dr Bavaguthu Raghuram Shetty, (born 1 August 1942) commonly known as B.R. Shetty, is an Indian-born businessman and former billionaire, the founder and acquirer of a number of companies based in the United Arab Emirates, including Abu Dhabi–based NMC Health, Neopharma, BRS Ventures, and Finablr. In 1975, Shetty's interest was in hospitals and hospitality but he then diversified into pharmaceuticals, financial services, retail, advertising, and information technology. He was included on the ''Forbes'' list of India's 100 Richest People in 2015 and was listed as the 42nd richest person in 2019. In 2020, Shetty resigned from his board position while investigations were underway. On 8 April 2020, NMC Health went into Administration in the United Kingdom due to corporate governance concerns and a share price in freefall. Due to sharp drops in share prices, and shares pledged by Shetty to pay for debts incurred, it is believed that his net worth has fallen to a fraction of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ASDA
Asda Stores Limited (), trading as Asda and often styled as ASDA, is a British supermarket and petrol station chain. Its headquarters is in Leeds, England. The company was incorporated as Associated Dairies and Farm Stores in 1949. It expanded into Southern England during the 1970s and 1980s, and acquired Allied Carpets, 61 large Gateway Supermarkets and other businesses, such as MFI (retailer), MFI. It sold these acquisitions during the 1990s to concentrate on the supermarkets. It was listed on the London Stock Exchange until 1999 when it was acquired by Walmart for £6.7 billion. Asda was the second-largest supermarket chain in the United Kingdom between 2003 and 2014 by market share, at which point it fell into third place. As of January 2025 its market share in the UK is 12.6 per cent. Besides its core supermarkets, the company also acts as a White-label product, white label payment card provider offering assistance for insurance and payment services under the Asda Mon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apax Partners
Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of March 2024, the firm had raised and advised funds of approximately US$77 billion. Apax Partners is one of the oldest and largest private equity firms operating on an international basis. Apax invests across three sectors: technology, internet/consumer and services. It looks for investments in a target Enterprise Value of $100–5,000 million. Apax raises capital for its investment funds through institutional investors including corporate and public pension funds, university and college endowments, foundations and fund of funds. History In 1972, Ronald Mourad Cohen and Maurice Tchénio founded the advisory firm Multinational Management Group (MMG) in London, Paris, and Chicago, marking the beginning of Apax Partners. In 1977, they formed a partnership with early venture ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UAE Exchange
UAE Exchange (; ''Markaz Al'Imarat Alearabiat Almutahidat Lilsarafa'') was a United Arab Emirates-based company dealing primarily in remittance, foreign exchange and bill payment services. The company was headquartered in Abu Dhabi, UAE, and operates through 800 locations across 31 countries either as UAE Exchange, or Unimoni. The business has over 9,000 employees across 40 countries. It is one of the largest remittance companies and has an extensive network in the Middle East and Asia with particular emphasis on India where over 40% of its offices and staff are located. International brands In 2018, UAE Exchange started to change its brand to “Unimoni” in locations outside the UAE. This initially started with retail presence in India, Fiji, Canada, and Australia. Since then, markets such as Hong Kong and Tanzania, as well as others, have been renamed Unimoni. History Foundation and growth UAE Exchange established its first branch and operations in Abu Dhabi, UAE in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bureau De Change
A bureau de change (plural bureaux de change, both ; British English) or currency exchange (Comparison of American and British English, American English) is a business where people can exchange one currency for another. Nomenclature Originally French language, French, the term () is widely used throughout Europe and French-speaking Canada, where it is common to find a sign saying "exchange" or "change". Since the adoption of the euro, many exchange offices have started incorporating its logotype prominently on their signage. In the United States and English-speaking Canada the business is described as "currency exchange" and sometimes "money exchange", sometimes with various additions such as "foreign", "desk", "office", "counter", "service", etc.; for example, "foreign currency exchange office". Location A bureau de change is often located at a bank, at a travel agent, airport, main railway station, large supermarket branches, and anywhere else where there is likely to be a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samsung Pay
Samsung Pay (stylized as SΛMSUNG Pay) is a mobile payment and digital wallet service, operated by the South Korean company Samsung Electronics. It lets users make payments using compatible smartphones and other Samsung-produced devices, accessed using the Samsung Wallet app. First launched in 2015, the service supports contactless payments using near-field communications (NFC), but also supports magnetic strip-only payment terminals by incorporating magnetic secure transmission (MST) in devices released before 2021. In India, it also supports bill payments. Service Samsung Pay was originally developed by the intellectual property of LoopPay, a crowdfunding, crowdfunded startup company that Samsung acquired in February 2015 for an estimated $300m, one of the largest acquisitions made by the firm. The service supports both near-field communications, NFC-based mobile payment systems (which are prioritized when support is detected), as well as those that only support magnetic str ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December 2019. Soon after, it spread to other areas of Asia, and COVID-19 pandemic by country and territory, then worldwide in early 2020. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern (PHEIC) on 30 January 2020, and assessed the outbreak as having become a pandemic on 11 March. COVID-19 symptoms range from asymptomatic to deadly, but most commonly include fever, sore throat, nocturnal cough, and fatigue. Transmission of COVID-19, Transmission of the virus is often airborne transmission, through airborne particles. Mutations have variants of SARS-CoV-2, produced many strains (variants) with varying degrees of infectivity and virulence. COVID-19 vaccines were developed rapidly and deplo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral. Since 2007, it has been part of the London Stock Exchange Group (LSEG, which the exchange also lists (ticker symbol LSEG)). Despite a post-Brexit exodus of stock listings from the LSE, it was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares. History Coffee House The Royal Exchange, London, Royal Exchange had been founded by the English financier Thomas Gresham and Sir Richard Clough on the model of the The Belgian bourse of Antwerp, An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyberattack
A cyberattack (or cyber attack) occurs when there is an unauthorized action against computer infrastructure that compromises the confidentiality, integrity, or availability of its content. The rising dependence on increasingly complex and interconnected computer systems in most domains of life is the main factor that causes vulnerability to cyberattacks, since virtually all computer systems have bugs that can be exploited by attackers. Although it is impossible or impractical to create a perfectly secure system, there are many defense mechanisms that can make a system more difficult to attack, making information security a field of rapidly increasing importance in the world today. Perpetrators of a cyberattack can be criminals, hacktivists, or states. They attempt to find weaknesses in a system, exploit them and create malware to carry out their goals, and deliver it to the targeted system. Once installed, the malware can have a variety of effects depending on its purpose. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
