About Travelex
Travelex was founded by Lloyd Dorfman, opening its first branch in central London in 1976. By March 2014, Travelex had operations in 27 countries and more than 1,500 stores.In 2014, private equity backer Apax Partners sold its majority stake of 51% to UAE based Indian businessman Bavaguthu Shetty valuing the company at approximately £1bn. Shetty also owns UAE Exchange a UAE-based money transfer business that operates in 32 countries.
Services
Travelex’s main businesses are international payments, issuing prepaid credit cards for use by travelers and is the world's largest foreign exchange bureau. It operates a separate division for it’s corporate customers offering similar services. Travelex’s global payment business was acquired by Western Union in 2011 but still operates under the Travelex banner.
Regulation
Travelex Currency Services Inc (“TCSI”) is registered at the federal level with the Financial Crimes Enforcement Network (“FinCEN”), as a money services business (“MSB”) and is based in New York’s historic Wall Street District. TCSI is an ultimate subsidiary of Travelex Holdings Limited (“Travelex”) in the United Kingdom.
© 2015 Travelex currency exchange services have been saving individuals and businesses money on international payments and travel money.
Travelex is working in partnership with Send Money Home Ltd