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1. MasterCard Acquires Travelexs Prepaid Card Program
MasterCard Acquires Travelexs 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 travelers cheque named Cash Passport MasterCard, in collaboration with the Bank of China (BOC) and MasterCard. This is the first e-travelers 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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