Foreign exchange specialist Travelex will open more than 75 international offices, kiosks and ATMs around the world in 2023.
In Europe, it introduced new ATMs at airports in Berlin, Frankfurt and Zurich, and extended contracts for a counter at Hamburg Airport and a tax refund business in the Netherlands.
In the UK, Travelex has opened the first automated, self-service FX kiosk that requires no human intervention at London Heathrow Airport. In addition to this, a new 3m LED wall has also been developed for Heathrow Airport’s Terminals 3 and 5. A new store has opened at Edinburgh Airport, and some of Travelex’s UK sites have undergone a major office refurbishment.
Travelex also plans to introduce more than a dozen new ATMs at Dubai Harbor Cruise Terminal, Dubai International Airport and Terminal A of the new Abu Dhabi International Airport. In terms of retail expansion in the Middle East, Oman has introduced a new Travelex pre-service. Immigration store at Muscat International Airport in October this year.
Also in the United Arab Emirates, a new flagship Landside Arrivals store has opened in Terminal 3 of Dubai International Airport. Seven new stores and eight ATMs have opened in Abu Dhabi to coincide with the opening of Terminal A at the new Abu Dhabi International Airport. The capital’s main airport.
In Asia, two new stores have opened at Kuala Lumpur International Airport 2 (KLIA2), bringing the total number of retail stores in Malaysia to 10, with two more stores scheduled to open at Shanghai Pudong Airport Terminal 1. A few months. In Japan, Travelex has introduced a foreign currency prepaid card, the Travelex Travel Money Card, to the local market.
Travelex has opened six new stores in Australia and three in New Zealand. Travelex has also partnered with Bank of New Zealand (BNZ) to provide 1,200,000 customers with access to discounted travel funds.
In Brazil, Travelex continues to invest and expand, opening seven new stores across the country, including in Rio de Janeiro and São Paulo. Travelex currently operates more than 125 of his stores across the country and plans to open more in the coming months.
The opening of the new office follows a £90m (US$113m) refinancing package for Travelex. With international travel now at 93.1% of pre-COVID-19 levels and demand for travel, particularly in emerging markets, continuing to accelerate, Travelex expects to further expand its retail offering, create new We are committed to building wholesale relationships, increasing investment in digital transformation and further development. Product innovation.
Richard Wazacz, CEO of Travelex, said: “Customer convenience is at the heart of everything we stand for at Travelex, so we are excited to be able to invest in the growth of our retail store operations. This investment, together with our recent news of a £90m refinancing, It clearly shows that both travel and Travelex are trending upward again.”
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