Travelex partners with Xpress Money offering easy UK transfers

Xpress Money 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.

There are over 100 Travelex locations, and 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. After its founders saw limited options available for instant international money transfers in the late 1990s, Xpress Money was launched as an instant money transfer service.

John Rayment, Travelex’s UK commercial director, commented: “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.

“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.”

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.

Xpress Money was one of the first to introduce the unique 16-digit PINs to identify a customers’ beneficiary, guaranteeing that a transfer is secure. In addition, 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.

Sudhesh Giriyan, COO, added: “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.

“The UK 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 family and friends 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.