8SEPTEMBER 2021IN MYOPINIONMARCHING TOWARDS A BRIGHT FUTURE Subodh KarnadTravelex is the world's leading foreign exchange company. While we continue to expand into Fintech and digital payments, our primary business centers around our expansive global retail footprint to serve the needs of millions of customers who need foreign exchange (provided either via currency banknotes or through our Travelex Money Card) to enjoy their international travel experiences seamlessly. We also serve financial institutions as wholesalers of foreign currency; they, in turn, use their retail footprint to serve customer needs. As CFO of Travelex, North America, I am privileged to support an expansive and complex operation that spans 220 retail stores, over 250 FX ATMs and service over 500 wholesale clients across three geographies (USA, Canada, and Panama). We trade in over 80 currencies. Our platform enables millions of transactions and billions of dollars in turnover every year. We have commercial relationships with practically all major airports in the region. We also operate a growing digital business that augments our retail efforts as well as a nascent but very exciting Fintech & payments activity. In our business, cash in the form of currency banknotes is both our primary raw material and our first product. Also being a financial institution we operate in a tight regulatory framework, By Subodh Karnad, Chief Financial Officer North America, TravelexWITH THE RIGHT TALENT, CULTURE, AND TECHNOLOGY
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