Business
Currency Exchange International, Corp. Announces Referral Agreement with Continental Currency Exchange
Exchange Bank of Canada (“ EBC ” or the “ Bank ”) is to refer...
About this update from Currency Exchange International, Corp.
[{"type":"text","content":"Currency Exchange International, Corp. Announces Referral Agreement with Continental Currency Exchange\n\n\n\n\n Exchange Bank of Canada (“\n \n EBC\n \n ” or the “\n \n Bank\n \n ”) is to refer its wholesale business-to-business (B2B) banknote customers in Canada to Continental Currency Exchange, Ltd. (“\n \n CCE\n \n ”), a wholly owned subsidiary of DUCA Financial Services Credit Union Ltd. (“\n \n DUCA\n \n ”)\n \n\n\n TORONTO, April 10, 2025 (GLOBE NEWSWIRE) -- Currency Exchange International, Corp. (“\n \n CXI\n \n ” or the “\n \n Company\n \n ”) (TSX:CXI) (OTC:CURN), today announced a referral agreement has been entered into with CCE, one of Canada's leading retailers of foreign exchange services. CCE operates 19 branch locations across Ontario and offers digital products, foreign exchange conversion services, pre-authorized debit and deposit transactions, foreign cheques and drafts, money transfers and wire payments in over 120 currencies. CCE is a wholly owned subsidiary of DUCA, which was formed in 1954 and has grown from a single branch credit union in Toronto to 19 branches across the GTA and Central Ontario with over 93,000 Members and over $8.3 Billion in total assets including assets under management.\n \n\n EBC will be referring its wholesale banknote customers in Canada, including financial institutions, to CCE. The referral of EBC’s banknote customers to CCE, an Ontario-based foreign exchange service provider, will mutually benefit all parties and stakeholders.\n \n\n \"We are pleased and confident that the referral agreement with CCE for EBC’s banknote customers is the best outcome for EBC’s stakeholders as well as CXI shareholders,\" said Randolph Pinna, CEO of CXI and EBC.\n \n\n “CCE is pleased to implement this Referral Agreement. We welcome the opportunity to build new relationships and grow our business with new B2B wholesale banknote customers that will add to our growing retail foreign exchange services business,” said Tom Robertson, CEO of CCE.\n \n\n CXI’s long-term outlook remains positive due to the Company’s focus on its growing businesses in the U.S. in conjunction with expected cost savings and anticipated additional...