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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 £440m acquisition of Thomas Cook's Global & Financial Services business in March 2001 made Travelex the world's largest non-bank foreign exchange business. Dorfman began to develop the presence of the company in Asia, starting with Japan and spreading to India in 2003 and China in 2004.
The Quasi Universal Intergalactic Denomination (QUID) is a proposed "space currency" created as a viral marketing campaign launched by Travelex with the London-based public relations and advertising firm, talkPR. The full name is a backronym from 'quid', a slang term for the British Pound. [1]
In November 2000, the MoneyGram brand and business was sold to Travelex as part of its acquisition of Thomas Cook Financial Services for £400m. In 2003, Travelers Express gained full ownership of the MoneyGram network, including MoneyGram International. [13] Later that year, Viad spun off Travelers Express as an independent company. [21]
Shetty acquired Travelex, a major foreign exchange company, in 2014. [ 1 ] [ 20 ] Travelex has a global footprint including 1500 stores and 1300 ATMs across 27 countries. In December 2020 it was announced that Shetty had agreed to sell his majority stake in Finablr , the parent group for UAE Exchange and Travelex , to Prism Group AG and Royal ...
Jackson has worked at Lloyds Bank, Halifax Bank of Scotland and McKinsey & Company, and was CEO of Travelex from 2010 to 2015. [5]On 26 January 2016, Banco Santander appointed Jackson as their new head of the Group´s Innovation area, he replaced José María Fuster who, after more than 30 years service with the Santander Group, agreed to continue as an external advisor.
The Co-operative Travel Cash Passport was issued by Travelex, and travel insurance was underwritten by White Horse Insurance Ireland. All flights and flight-inclusive holidays were financially protected by the ATOL scheme. [12]
Companies like Travelex also offer coverage for preexisting conditions with a lookback period. Financial Planning Services Some retirees find that working with a financial planner makes their ...
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