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Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough, United Kingdom.Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance.
The card was designed to be used as a travel wallet card, where holders were able to earn points on purchases and avoid overseas transaction fees. The Global Wallet card allowed the holder to load money onto the card in Australian dollars (AUD), up to a total value of A$25,000. As many as ten currencies were able to be stored on the card.
It discontinued the card in October 2007. A number of other financial companies went on to issue stored-value or pre-paid debit cards containing several currencies that could be used like credit or debit cards at shops and at ATMs, mimicking the traveller's cheque in electronic form. One of the major examples is the Visa TravelMoney card. [7]
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