Travelex launches new stores in Asia
Foreign exchange brand Travelex is investing in more than 75 new bureaux, kiosks and ATMs internationally.
In Asia, two new stores have been launched at Kuala Lumpur International Airport 2 (KLIA2), taking the total number of retail stores in Malaysia to ten.
Elsewhere in Asia two further stores are also set to be launched at Shanghai Pudong Airport Terminal 1 in the coming months.
In Japan, Travelex has introduced its prepaid foreign currency card, the Travelex Travel Money Card, to the local market, and also celebrated its 20th anniversary in the country.
Travelex has opened six new stores in Australia and three in New Zealand.
Travelex has also partnered with Bank of New Zealand (BNZ) to offer its 1.2m customers access to discounted travel money.
In recent months Travelex has also undertaken extensive investment across the Middle East.
In the UAE, Travelex launched a series of new bureaux and On-The-Move kiosks across airports in Dubai, Abu Dhabi and Sharjah as well as the Mina Rashid sea port.
Travelex is in the process of launching a dozen new ATMs across the Dubai Harbour Cruise Terminal, Dubai International and the new Abu Dhabi Airport Terminal A.
In terms of a retail footprint expansion in the Middle East, Oman saw a launch of a new Travelex pre-immigration foreign exchange store at Muscat International Airport in October 2023.
The new store comes as Travelex celebrated its 20th anniversary in Oman this year.
In the UAE, a new flagship Landside Arrivals store has opened in Dubai International’s Terminal 3, and at Abu Dhabi seven new stores and eight ATMs have opened/
The new bureaux openings follow Travelex’s recent announcement of a £90m refinancing package.
Travelex is now working to further expand its retail offering and develop new wholesale relationships.
Richard Wazacz, Travelex CEO, said: “We’re thrilled to be investing in the growth of our retail store operations.”
“This investment is a clear statement that both travel, and Travelex, are on the rise once again.”
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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