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- 1. MasterCard Acquires Travelex’s Prepaid Card Program
MasterCard Acquires Travelex’s Prepaid Card Program. MasterCard has purchased the prepaid Card Program Management (CPM) operations of Travelex for US $458 million in cash, with an earn-out of up to an additional US $55 million if certain performance targets are met. The transaction is expected to close in the first half of 2011.
- 2. Perth Airport Gives Travelex Wheels
Travelex has launched “On the Move” mobile kiosks at Perth Airport in Australia. The new battery operated mobile kiosks gives Travelex a lot more flexibility and brings foreign exchange services a lot closer to international departure gates.
- 3. Perth Airport Extends Travelex Concession
Travelex has been selected as the successful tenderer for the foreign exchange concession at Terminal 1 and Terminal 3 of Perth Airport in Australia. Perth Airport conducted a competitive tender process for the new six-year agreement which includes the six existing stores, which will be reconceptualised by Travelex, as well as three new mobile kiosks across both terminals.
- 4. Travelex in the US launches Planet Payment's Pay in Your Currency
Travelex in the US launches Planet Payment's Pay in Your Currency. Foreign exchange specialist Travelex Americas and Planet Payment, a leading international multi-currency payment and data processor, have launched a new service which provides greater convenience to international travelers that use their MasterCard or Visa International cards to obtain currency exchange and other se
- 5. Travelex, Bank of China and MasterCard Launch Cash Passport
Travelex, Bank of China and MasterCard Launch Cash Passport. Travelex, a leading foreign exchange specialist, has officially launched an innovative electronic traveler’s cheque named Cash Passport MasterCard, in collaboration with the Bank of China (BOC) and MasterCard. This is the first e-traveler’s cheque with MasterCard logo jointly launched by the three parties in mainland Chin
- 6. MasterCard to launch Prepaid Travel Card Program
MasterCard to launch Prepaid Travel Card Program.
- 7. Capella Bangkok Appoints John Blanco as GM
John Blanco has been appointed General Manager of the Capella Bangkok. Located along the Chao Phraya River waterfront promenade, the 101-room Capella Bangkok is scheduled to open in the last quarter of 2018.
- 8. Sahid Opens Three Resorts in Indonesia; Unveils Plans for Five More
Sahid Hotels & Resorts has expanded its portfolio of hotels in Indonesia with the opening of new resorts in Wakatobi, Maumere and Banyuwangi. The group also has plans to open a further five resorts in Bogor, Bandung, Pangandaran, Lombok and Gili Trawangan.
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