To the wire- Travelex goes digital
British foreign exchange firm Travelex has introduced a digital international money transfer service, dubbed Travelex Wire.
The new remittance service, which is built on the Amazon Web Services (AWS) Cloud, will allow users to transfer funds to several countries in a variety of currencies.
To process payments, the solution connects into a number of Travelex’s partners including Currencycloud.
Travelex product and strategy director Kate Kennedy said: “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 operates in more than 50 countries and trades in over 80 currencies. The company’s remittance service is available in more than 1,500 stores, including all the major airports, and has over 1,250 ATMs globally.