Travelex partners with Xpress Money to make money transfers even easier

Travelex adds to Xpress Money’s strong UK network with access to Travelex’s prominent airport locations 

Xpress Money, one of the most dependable money transfer brands in the world, has announced a strategic partnership with Travelex, a leading global expert in foreign exchange and cross-border international payment solutions, to provide instant global money transfers in its physical stores. With over 100 Travelex locations, including ones at prominent airports the new partnership means that Xpress Money can expand its operations and customer base in the UK.

Founded in 1999, Xpress Money is the remittance arm of the UAE Exchange family, and a pioneer in the instant transfer industry. After its founders saw limited (and expensive) options available for instant international money transfers in the late 1990s, Xpress Money was launched as an affordable instant money transfer service. Since then, the company has enabled migrants to send and receive cash from a network of locations across the world and has become one the fastest growing remittance companies in the world.

“Thanks to our new partnership with Xpress Money, Travelex clients now have an additional service option when it comes to sending and receiving money across the globe” said John Rayment, UK Commercial Director, Travelex. “Xpress Money’s safe, secure and real-time services, coupled with the first-class training we’ve given our UK frontline staff to operate Xpress Money’s platform mean our customers can rely on our combined expertise and understanding to provide them with service that best suits their needs”

Speed, Security and Safety

In store and online, Xpress Money places emphasis on the safety and security of its users’ money, all while ensuring that the transfers are ready for collection within minutes. It was one of the firsts to introduce the unique 16-digit PINs to identify a customers’ beneficiary, guaranteeing that the transfer is secure. Going a step further, Xpress Money also ensures that its money transfer networks are error-free and secure, through compliance with Anti Money Laundering (AML) and Anti-Terrorist Activity (ATA) processes.

“At Xpress Money, we emphasise the speed and accessibility of our money transfer services, and our partnership with Travelex will ensure our expanding customer base find it easier than ever before to send money,” said Sudhesh Giriyan, COO, Xpress Money. “The United Kingdom is a very important market for us and we’re constantly looking at ways to expand and collaborate to ensure that our customers have a wide range of convenient remittance offerings to choose from.”

The partnership with an established trusted global brand such as Travelex means that Xpress Money can now ensure that customers living or staying in the UK will be able to transfer money to their loved ones across the world in real-time. In the next few months, this partnership will extend to the European countries so that customers across the European continent can avail the money transfer service.

 

‘Xpress Money’ is a global money transfer brand with a thriving presence in more than 165 countries across all continents through 200,000 agent locations. ‘Xpress Money’ has come to be known as the most dependable international money transfer brand and provides its customers a simple, fast & safe way to transfer money through innovative technology, superior customer service and its extensive worldwide network. For more information, follow us on Facebook: www.facebook.com/XpressMoney, Twitter: @Xpress_Money or visit www.xpressmoney.com

Founded in 1976, Travelex is a market leading independent foreign exchange specialist, with presence in 30 countries. The business covers the entire value chain of the retail foreign exchange industry. Travelex Group has built a growing online and mobile foreign exchange platform, and developed a network of over 1,000 ATMs and over 1,200 stores at both on-airport and off-airport locations around the world. It also processes and delivers foreign currency orders for major banks, as well as for travel agencies, hotels and casinos. In addition, the Group sources and distributes large quantities of foreign currency banknotes for customers including central banks and international financial institutions. The Group is also active in the remittances and payments space.