fbpx

Type to search

Australian Forex Platform Cuts Off Ukraine – The Age

Brad McEvoy of start-up Kademi said he was furious at OFX, formerly known as OzForex, for blocking payments to his Ukrainian workers


nickel price spike
Nickel sheets stacked at Kola Mining and Metallurgical Company, near Murmansk, Russia. Photo: Reuters

 

Australian foreign exchange platform OFX has come under fire for abruptly cutting off payments to Ukraine, putting a barrier in front of foreign start-ups paying wages to their staff in the country when they need cash most.

One founder, Brad McEvoy of loyalty programme start-up Kademi, said he was furious at OFX, which was formerly known as OzForex, for blocking payments to his Ukrainian workers when some had been forced to flee their homes.

Read the full report: The Age

 

READ MORE:

 

China Won’t Gain From Russia Alliance, Economists Say

 

Sri Lanka Bows to Chinese Pressure Over Fertiliser

 

China Media Say Dollar, SWIFT in Decline on Russia Sanctions

 

 

 

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.