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Travelex Canada onboards more than 50 wholesale customers in first year of trading

Tuesday, October 27, 2026 — 17:17:13 (UTC)

Travelex Canada onboards more than 50 wholesale customers in first year of trading

Foreign exchange leader targets further expansion across MSBs, credit unions and financial institutions as it rolls out new self-service ordering platform

Leading foreign exchange company Travelex has onboarded more than 50 wholesale customers in Canada during its first year of trading in the region, as it targets further expansion across the country’s foreign exchange and financial services sectors.

Since launching its Canadian wholesale operation in October 2025, Travelex has built a customer base spanning foreign exchange operators and money services businesses (MSBs) across Ontario, Quebec and British Columbia. During this time, the business has traded 56 currencies, while providing customers with access to around 80 currencies through Travelex’s extensive global network.

Travelex has also established relationships with major liquidity and currency supply partners including Bank of America and Scotiabank, while leveraging its own global supply network to source currencies from markets including the UK, Singapore and the UAE.

Demand has largely been driven by Canadian outbound travel, including both holidaymakers and expatriate communities travelling overseas, while increased inbound travel to Canada during 2026 has created additional opportunities across both the buying and selling of foreign currency.

“Welcoming more than 50 customers in our first year demonstrates both the strength of demand and the significant potential of Canada’s wholesale foreign exchange market.

“Our success has been built on combining strong local relationships with the scale, expertise and supply capabilities of Travelex’s global network. This allows us to give customers access to a broad range of currencies, backed by the service and reliability they expect from a leading wholesale partner,” said Davish Bucktowar, Wholesale Trading Director at Travelex.

As it enters its next phase of growth in Canada, Travelex has also begun rolling out TravelNet, its proprietary self-service ordering platform, to customers across the market. Sitting alongside existing dealing channels including phone and email, TravelNet gives customers greater control over foreign currency ordering and pricing while providing a faster and more efficient digital ordering experience.

“We are excited to continue growing our MSB customer base while building new relationships with credit unions, financial institutions and banknote wholesale customers across the country.

“TravelNet will be an important part of that growth, giving our partners greater control over their ordering while we continue to invest in our supply chain and expand the services we can offer,” Bucktowar added.

Claire Shen, Manager, Currency Mart Inc. said:

“TravelNet has made managing our foreign currency requirements significantly easier. The platform is intuitive, convenient, and simple to use, allowing our team to place orders quickly and efficiently.

Having real-time access to rates and a streamlined ordering process has improved our day-to-day operations and enhanced the overall customer experience. TravelNet has become a valuable tool for our business, and we appreciate the reliability and support provided by the Travelex team.”

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NOTES TO EDITORS

About Travelex

Founded in 1976 Travelex has grown to become one of the market leading specialist providers of foreign exchange products, solutions, and services, operating across the entire value chain of the foreign exchange industry in more than 20 countries. We have developed a growing network of ATMs and stores in some of the world’s top international airports, major transport hubs, premium shopping malls and city centres. Travelex has built a growing online and mobile foreign exchange platform, and we also process and deliver foreign currency orders for major banks, travel agencies, supermarkets and hotels worldwide. In addition, we source and distribute sizeable quantities of foreign currency banknotes for customers on a wholesale basis - including central banks and international financial institutions. We also offer a range of remittance and international money transfer products around the world.

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Source: Company press release.

Categories: Announcement