Travelex establishes new Asia-Pacific headquarters in Shanghai

Travelex establishes new Asia-Pacific headquarters in Shanghai
05.12.2019 09:04 am

Travelex establishes new Asia-Pacific headquarters in Shanghai


Travelex, a Finablr company and a market leading independent foreign exchange specialist, today announced that it has established a new Asia-Pacific headquarters in Shanghai. As part of the move, Travelex is one of four companies to participate in the prestigious Certificating Ceremony for Multinational Corporation’s Regional Headquarters and Research & Development (R&D) Centers.

Travelex’s new Asia-Pacific headquarters is situated in the Pudong District in Shanghai, and will manage all company operations throughout Hong Kong S.A.R, Malaysia, Singapore, Thailand, Japan and other Asia-Pacific markets.

“As one of the first three non-banking financial institutions to be awarded a National SAFE license, we’re extremely proud to be celebrating our 15th year of operating in China,” said Cameron Hume, Managing Director Asia-Pacific at Travelex. “Our expansion in China has been inextricably driven by China’s own development and continued innovation. And Shanghai’s position as a global financial center has been crucial in our decision to establish our Asia-Pacific headquarters in the Pudong District.”

“The innovative and pragmatic approach adopted by Shanghai’s government bodies provided us with even more impetus to select Shanghai as our base for our expansion across Asia-Pacific markets,” concluded Cameron.

“At Travelex we’re honored to be one of the four Asia-Pacific headquarters recognized by the Shanghai Municipal Government,” said Calvin Shi, Trading Director North Asia at Travelex, stated. “Over the past 15 years, we’ve prioritised legal compliance and focused on providing the best service possible. The innovative open financial policy of the Pilot Free Trade Zone teamed with its unique geographical location has made Shanghai the only option for our Asia-Pacific headquarters. We’re optimistic about the potential of the Chinese market, along with China's economic development and global integration.”

Travelex operates 171 stores in China, Hong Kong S.A.R, Singapore, Malaysia, Thailand and Japan. Travelex operates more than 44 currencies exchange services in China for travelers who are exploring the world.

Related News

Brady Harris Joins Dwolla as CEO to Scale Distribution

Dwolla, the programmable payments platform, today announces the appointment of Brady... Read more »

Poland’s National Payment Processor Partners with Cryptomathic to Deliver eIDAS-certified Remote Qualified Electronic Signature Services

Polish citizens can now sign documents digitally using mSzafir, a remote qualified e-signature service with the highest levels of security under European law, thanks to a new... Read more »

Mastercard enables Contactless limit raise across 29 countries; and champions permanent increase

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across... Read more »

TransUnion Research Quantifies How Social Distancing is Changing Shopping Patterns

TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23%... Read more »

Wirecard expands presence in Mexico

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to... Read more »

Barclaycard to enable UK retailers to accept new £45 Contactless Limit

Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, will be rolling out the deployment of the new £45 contactless limit across UK retailers... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel