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Interchange brings its last African country into Western Union’s worldwide network

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A new branch in Budapest’s busiest traffic junction

Interchange won the tender conducted by the Budapest Transport company for the business premises located in Deák Square, the city’s busiest traffic junction. Deák Square, together with the neighbouring Erzsébet Square, is considered the heart of the capital, where the elegant Andrássy avenue and the modern luxury shopping street Fashion street start, from which Vörösmarty Square and Váci street are just steps away. The square is the hub of the city’s metro network, where Budapest’s 3 metro lines meet, the… [Read More →]

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Interchange acquires retail operations of Western Union in France and Austria

Interchange, a leading provider of money transfer and foreign currency services, has acquired Western Union’s (WU) dedicated stores in Vienna, Paris, and in the principal regional cities of France. The acquisition involves 26 stores and approx. 150 people including one of the single busiest sites in WU’s worldwide network. The transfer of the Austrian stores was completed in November while the French stores are being progressively transferred. Alastair Holberton, CEO, commented: “This is a significant acquisition and reflects the strength… [Read More →]

Interchange and Covid-19

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Interchange and Covid-19

The Covid-19 Pandemic has had a profound effect on all travel related businesses. In particular, with border closures, the airport business has been greatly reduced and passenger numbers have, in many cases, been in low single digits as a percentage of 2019 levels. In March 2020 Interchange acted on the basis that the slump would be both prolonged and severe. This resulted in an immediate and substantial reduction in staff numbers, which was a personal and difficult process for the… [Read More →]

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Interchange & ZamPost 21st century remittance coverage across a nation

Interchange’s Joint Venture with the Zambian Post Office – ZamPost – has opened its first location in the bustling Cairo Road Post Office in Lusaka, the capital of Zambia. There has been an immediate and encouraging demand for its Western Union service. The money transfer service will now be rolled out to 9 additional post offices in the Capital – Lumumba Road, Freedom Way, UNZA, UTH, National Assembly, Northmead, Chelstone, Ridgeway and Woodlands.  Over a 100 regional ZamPost branches will… [Read More →]

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Interchange enters into a joint venture with ZamPost – the Zambian Postal Services Corporation

23rd June, 2020: Interchange Africa announces today that it has entered into a joint venture to manage the Money Transfer Services of the Zambian Postal Services Corporation (‘ZamPost’). This new relationship follows on from its successful cooperation with NIPOST in Nigeria The planned service enhancement is for foreign exchange services to also be provided at Livingstone International and Kenneth Kaunda International airports. In these times of the Covid-19 Pandemic it is more essential than ever to provide reliable, fast, and… [Read More →]