Latest news with #currencyexchange
Yahoo
10 hours ago
- Business
- Yahoo
tKash Hits 2 Million+ Transactions Milestone and Transforms the Way Asia Moves Money
KUALA LUMPUR, Malaysia, June 10, 2025 /PRNewswire/ --The currency exchange app tKash has officially surpassed 2 million transactions, marking a significant milestone that highlights its rapid growth and the strong trust it has earned from users across Asia. Since its launch just over a year ago, tKash has rapidly gained user trust with its fast, secure, and transparent money exchange service. Today, the app serves users in Thailand, Singapore, Nepal, India, Indonesia, Vietnam, Bangladesh, the Philippines, Pakistan, and Myanmar, providing a trusted solution for foreign workers, international students, freelancers, and foreigners working abroad. Hitting the 2 million transaction mark is a powerful indication of how well tKash meets the everyday needs of its users. By offering real-time exchange rates, low fees, and a simple, user-friendly interface, the app removes the uncertainties and delays commonly experienced with traditional remittance services. This helps users save money and time, giving them peace of mind when supporting their families back home. Users have shared positive experiences. "tKash changed the way I send money to my family in Thailand. It's faster, cheaper, and I feel more in control," said Natt Thanapong, a factory worker based in Malaysia. Stories like his highlight the real difference tKash makes in people's lives. To mark this achievement, tKash is rewarding new users with a special promotion. Anyone who sends RM1000 through the app will instantly receive a RM100 bonus, available for a limited time. This gesture reflects tKash's appreciation for the trust it has earned and its commitment to making currency exchange more rewarding. Looking ahead, tKash is committed to continuous innovation. The company plans to expand into more markets, support additional currencies, and introduce new features that enhance transaction speed, automation, and security. With these improvements, tKash aims to provide an even better service that adapts to the evolving needs of its users. tKash is a leading currency exchange and wallet app that empowers users across Asia to send and receive money with ease. With competitive rates, full transparency, and instant transfers, tKash puts control firmly in the hands of its users, all through an intuitive mobile app experience. For more information, visit: View original content to download multimedia: SOURCE tKash Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
a day ago
- Business
- The Independent
Why travellers should never pay in pounds on holiday card transactions
Holidaymakers could see costs rise by 10% this summer due to 'dynamic currency conversion' (DCC), which allows traders to profit from people paying with plastic. DCC, or 'cardholder preferred currency,' offers the option to pay in pounds (GBP) at a fixed conversion rate, appealing to travellers who want to know the exact sterling amount but this includes a margin of up to 10% pocketed by the bank and merchant. When asked if travellers would like to pay a sterling amount rather than the local currency, they should always say 'No'. Merchants are supposed to follow strict guidelines when offering DCC, but some traders are not playing fair by presenting misleading screens on card machines. In some instances, proprietors may not allow customers to choose, automatically selecting 'GBP' on the machine and adding 10% to the cost. When withdrawing cash abroad, ATMs also offer DCC, which should be declined to avoid the inflated exchange rate.
ABC News
6 days ago
- ABC News
What are your options when taking money overseas?
What do you look forward to the most before an overseas holiday? It's probably not the admin. Deciding how you're going to take money overseas is one of those tasks that can seem overwhelming. Here's what experts have to say about your options while travelling. If you're planning to use physical currency overseas, Angel Zhong, a professor of finance at RMIT University in Naarm/Melbourne, says you will often get a better exchange rate (converting your Australian currency into local currency) once you've reached your holiday destination. While converting cash into foreign currency in Australia is possible, services in convenient locations (such as the airport) are typically more expensive. Professor Zhong says she wouldn't carry thousands of dollars' worth of currency around on holiday with digital payment so widely accessible. Also, if you're leaving or entering Australia with more than $10,000 in cash, it needs to be declared. In many cases you can use an existing credit card or debit card while travelling overseas. Australian consumer advocacy group Choice says "Visa and Mastercard credit cards are accepted almost everywhere for purchases and cash withdrawals". Professor Zhong says it can be convenient to use your ordinary debit card or credit card, but you would "usually incur some foreign transaction cost". Before using an existing card overseas, she suggests checking the terms and conditions. We'll go into this in more detail shortly. Another option Choice highlights is low-fee debit cards "that don't charge a currency conversion fee" with a competitive exchange rate set by Visa or Mastercard. Source: Moneysmart If you're looking to take a card overseas, the Australian Securities and Investments Commission (ASIC) recommends shopping around, as exchange rates can vary between banks and travel card providers. When reviewing the terms and conditions of cards, you want to look out for fees. ASIC says charges may include "a foreign currency conversion fee, an overseas transaction charge or an additional cash advance fee (for credit cards)". Again, being across the terms and conditions of cards is key. While some cards have no foreign transaction fees, Professor Zhong says "it could be the case that their conversion rates are high". It can be difficult to compare exchange rates between lenders and their different cards (including travel money cards) because it varies from day to day. She says comparison websites may help. A travel money card, travel debit card or travel cash card is another option offered by banks and other lenders, such as airlines and travel agents. An ASIC spokesperson says, "You can add money in your preferred currency to most travel money cards before you leave Australia" and "most allow you to top up your card with extra currency if you need it while you're travelling." A prepaid travel card may even help you stick to your getaway budget and manage exchange rates because it can be loaded with a locked-in exchange rate before you depart. Choice notes that travel money cards can have a higher exchange rate margin (or more expensive mark-up), and a no-fee debit card may be a better option. Travel cards "are better suited to longer trips … [and] usually won't be worth getting if you're only taking a one-off short trip, as some come with fees for closing or inactivity". If you're withdrawing cash overseas, Choice says a travel debit card or travel money card is generally a better option than a credit card — which can involve a cash advance fee and high interest rates Professor Zhong says you need to set up these cards before you travel, so you'll need to be more organised (compared to using one you already have). While your normal credit or debit card may have a high credit limit, such as $5,000 a travel card will often have a limit of $500 or $1,000, Professor Zhong says. This means travel money cards aren't usually a good candidate for hotel security deposits, as a pending charge could leave you without access to your money. Choice also advises checking that a card supports the currency you'll need. Not every card will work with every currency. This article contains general information only. You should consider obtaining independent professional advice in relation to your particular circumstances.
CTV News
7 days ago
- General
- CTV News
Suspect in $130k fraud incident wanted: WPS
The Windsor Police Service is looking to identify a suspect wanted in a $130,000 fraud incident. On May 1, police said the suspect went into the currency exchange in the 3200 block of Dougall Avenue. They allegedly used a fraudulent Canadian passport to get $130,000 in U.S. cash. The suspect is described as a white woman, around 35 to 45 years old, with a medium build, and long brown hair. She was seen wearing a blue hooded sweatshirt, grey pants, and black running shoes at the time of the incident She is wanted on five charges, including fraud over $5,000, uttering a forged passport, and possession of property obtained by crime. Anyone who may be able to identify the suspect is asked to call the WPS Financial Crimes Unit at 519-255-6700 extension 4330. Crime Stoppers also will take anonymous tips at 519-258-8477 or online.
The Sun
24-05-2025
- Business
- The Sun
Holiday warning to millions over button you should NEVER press when paying abroad
HOLIDAYMAKERS should be mindful to never push this button cash machine when heading abroad this summer. Travellers might end up losing cash and get stung by simply making the wrong choice at a foreign ATM or at tills. 1 Cash machines will usually give you the option to pay in the local currency or in pounds. It may seem like the obvious option to pay in pounds, as it's more familiar and the currency linked to your card. However, by choosing this option you could end up paying more for the cash coming out of the ATM or for the goods you're paying for at the till. That is because the overseas bank will do the conversion to pounds and the rates are unfavourable. However, if you choose to pay in the local currency your card will instead do the conversion which is usually much more favourable. So if you are keen to save cash when abroad, you should opt to pay in the local currency and not pounds. Your bank may also charge you for using your debit card abroad. For example, Lloyds Bank charges customers who use their debit card abroad a 2.99 per cent foreign transaction fee. This would cost you £2.99 for every £100 you spend. NatWest also charged customers a 2.75% fee for spending your debit card abroad. That would add a £1.16 charge to the cost of a jacket which cost £42.16. The bank has a handy calculator for customers to help them work out how much they will be charged when spending abroad. You simply enter in the currency you will be shopping in and how much you intend to spend. This can help holidaymakers plan ahead not be blindsided by any unexpected costs. But some banks don't charge you for spending abroad. For example, Monzo does not charge its customers foreign transaction fees nor does First Direct. USING YOUR CREDIT CARD ABROAD Many credit cards also charge foreign transaction fees of around 3%, which would add £1.50 to the cost of a £50 meal out. But there are several credit cards that let you withdraw money from ATMs or spend in shops and restaurants fee-free. The Barclaycard Rewards Card does not charge you transaction fees when you are abroad. It uses Visa's exchange rate, so you will get the best value on conversions. If you are heading abroad, if may also be worth bringing some cash in case of emergencies. Many high street banks have currency exchanges within the branch, and you can also find the service inside airports or some train stations. Are there other options to for spending abroad? There are several specialist cards that can give you a great exchange rate. These cards include travel credit cards and pre-paid cards which can let you pay abroad without fees or at a set exchange rate. Senior Consumer Reporter Olivia Marshall explains all the options. Travel credit cards: Travel credit cards allow you to spend money abroad without being hit by any fees or hidden charges. But, they may still charge you for taking cash out. We recommend the Halifax's Clarity Card as it won't charge you for using it abroad, nor are there any fees for withdrawing cash. But you will be charged interest if you don't repay your balance in full at a rate of 19.9 per cent. And you will be charged interest on cash withdrawals until your balance is paid off too, at a rate of between 19.9 and 27.95 per cent depending on your credit score. In other words, just because you are using plastic abroad doesn't mean you don't have to pay these credit cards off like you normally would. Always pay off your balance before the end of the month with these cards to make sure that any money you saved isn't wiped away by paying interest. For more on travel credit cards you can read our guide here. Pre-paid cards: An alternative to carrying cash around is to get a pre-paid card. These cards allow you to put a set amount of cash on the card at a fixed exchange rate. So if the rate is good at the moment, you can put money on your card and it will stay that rate when you are on holiday. Just keep in mind that these cards can sometimes have hidden costs and charges so be sure to read the small print.
