Travelex launches Travelex Wire: International Money Transfer from the experts
27 Mar 2017
Digital money transfer solution developed entirely by Travelex is the latest innovation from the world’s leading foreign exchange specialist.
Travelex, the world’s leading foreign exchange specialist, has today launched Travelex Wire, a digital international money transfer service. Simple, easy and quick to use, Travelex Wire allows customers to send money to a variety of countries in a variety of currencies.
The launch of Travelex Wire is a key milestone in Travelex’s digital transformation. It is the latest innovation developed to meet the evolving needs of customers who need to use and move money around the world. As many as a third of Travelex customers already send money overseas and are on the lookout for new ways to send money cheaply and securely.
Kate Kennedy, Product & Strategy Director at Travelex comments: “Travelex Wire makes international payments as easy as checking in online, without the big price tag. The launch of Travelex Wire, combined with our existing services, makes Travelex Group the one-stop-shop for all our customers’ currency needs, whether they’re at home or abroad.”
Travelex Wire is the first product built on a new digital payments platform, developed entirely by Travelex. Built on the Amazon Web Services (AWS) Cloud, the digital money transfer solution will continue to be developed to offer new features and provide a platform for deepening relationships with corporate partners. The payments platform connects into a number of Travelex’s partners including Currencycloud for payment processing.
More information about Travelex Wire can be found on the Travelex website: https://www.travelex.co.uk/wire
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Notes to editors
The exact fee depends on the amount you wish to send. For orders up to and including £300 GBP, the fee is fixed at £3. For orders over £300, the fee is computed as a percentage of the amount you are sending, and will be clearly displayed to you within Travelex Wire. All orders sent using SWIFT incur an additional £8.95 cost, which will be included in your quote. There are 11 countries for which SWIFT is the only supported delivery method (see FAQs).
Founded in 1976, Travelex has grown to become the world’s leading specialist provider of foreign exchange, with presence in 30 countries. The Group has built a growing online and mobile foreign exchange platform, across 23 countries, and developed a network of over 1,000 ATMs and 1,500 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.
About Currency Cloud
Currencycloud‘s Payment Engine is the power inside countless businesses, driving the transformation of the global payments landscape. The company is re-imagining the way money flows through the global digital economy, allowing payment firms to remove the friction and inefficiencies of traditional cross-border payments using its flexible APIs. Launched in 2012 Currencycloud is based in London and is regulated in Europe, the USA and Canada. For more information about the company, please visit www.currencycloud.com.