Travelex Relaunches Online FX Cash Services in Partnership with CBA

Travelex has relaunched its online FX cash services in partnership with Australia's largest bank, the Commonwealth Bank of Australia (CBA), which has more than 11 million retail customers, and they will access a diversified selection of more than 30 currencies through Travelex's revamped online platform.

The partnership marks an important milestone in the recovery of Australia's retail FX industry after a difficult period brought on by the COVID-19 pandemic.

Darren Brown, the Managing Director ANZ at Travelex, mentioned: “By supplying CBA with more than 30 currencies available for order online across the country, we hope to make the foreign currency purchase process as accessible and convenient as possible for 11 million Australians.”

The Travelex survey revealed that 52% of Australian travelers still use cash as their primary payment method overseas. Significantly, the under 25 years demographic leads the way with 62%.

(Source: Finance Magnates)