Apax-owned Travelex to expand in China
Apax Partners-owned Travelex will expand its China footprint on becoming the first overseas operator to receive a nationwide foreign exchange license. The company plans to add a further 20 outlets in the next year to its current tally of 35, begin rolling out Travelex-branded ATMs and launch online services.
"The opportunities available to us in China are huge," Peter Jackson, CEO of Travelex, told the Financial Times. "In China they're building 80 airports - growth is turning into an explosion." The company,...
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