Netherlands-based Rabobank has signed a five-year outsourcing agreement with Travelex covering its retail currency exchange business.
Under the agreement, Travelex will be responsible for the provision of all of Rabobank's currency exchange requirements for its branch and associated retail network in the Netherlands.
Rabobank will be primarily supplied by Travelex's operations centre in Frankfurt, Germany and supported by its other cash centres in Europe as appropriate.
The deal represents Travelex' first contract win in Continental Europe.