Travel Money Oz

What Travel Money Oz does

Travel Money Oz is an Australian foreign currency exchange specialist and a wholly-owned subsidiary of Flight Centre Travel Group. It serves Australian outbound and inbound leisure travellers with a multi-channel FX offering spanning 90+ retail stores, e-commerce, and a 3-hour cash delivery service within 25 kilometres of central business districts. The product set covers physical foreign currency cash in 60+ currencies and the Currency Pass prepaid Mastercard, which is issued across 17 currencies and integrated with Apple Pay and Google Pay. The company also operates Travel Money Transfers, an international money transfer service powered by SendFX, extending the offering beyond travel cash and prepaid card into cross-border remittances. Travel Money Oz sits within the broader Travel Money Group, which also includes Travel Money NZ covering the New Zealand market.

The business model is a hybrid of FX spread revenue on currency cash and card loads, plus explicit fee streams: card reload fees of 1.1%, ATM withdrawal fees, and a $9.99 delivery fee for physical currency. Customer stickiness is built through Loyalty program benefits, Rate Move Protection, a Buy Back Bonus on unused currency, and a Price Beat Guarantee against competitor rates. The unit is wholly owned by Flight Centre Travel Group, a publicly listed Australian travel company, and benefits from the parent's customer base while also serving walk-in retail customers. A UNICEF partnership provides a charitable angle associated with the brand. Specific standalone revenue, headcount, and unit economics are not disclosed in the input data.

Name

Travel Money Oz

Legal name

Travel Money Currency Exchange Pty Ltd

Website

https://travelmoneyoz.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Travel Money Oz is Australia's largest foreign currency exchange specialist, serving Australian travellers with 60+ currencies in cash, a Currency Pass prepaid Mastercard, and 90+ retail stores as part of Flight Centre Travel Group.

Ownership category

akta.pro rank

Product category

Foreign Currency Exchange

NAICS

Credit Card Issuing (522210)

akta.pro primary industry

Travel Money Cards & Multi-Currency Prepaid (FSAMANAI)

akta.pro secondary industry

Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE)

Keywords

• Foreign currency exchange
• Travel money card
• Multi-currency prepaid card
• International money transfer
• Currency conversion services

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Foreign Currency Exchange Margins: Revenue generated from the spread between wholesale/market exchange rates and retail rates offered to customers. The company emphasises no additional fees or commission on top of the exchange rate, with revenue captured through the margin built into the rate.
2. Card Surcharges: Credit card surcharges applied to online orders: Mastercard credit at 0.37%, Visa credit at 0.68% of transaction value. Debit cards incur no surcharge for online orders.
3. Delivery Fees: Flat delivery fee of $9.99 for foreign cash orders delivered to customer addresses within 25km of selected stores.
4. Currency Pass Fees: Currency Pass generates revenue through: reload fees (1.1% for debit/credit card reloads, 1% for BPAY), international ATM withdrawal fees (currency-specific rates), and $10 cash-out fee when closing card and transferring balance to bank account. Domestic ATM withdrawals incur 2.95% fee.
5. International Money Transfers: Travel Money Transfers powered by Send enables international transfers with fee-free transactions, generating revenue through exchange rate margins on currency conversions. Minimum transfer $200 AUD with 24-48 hour delivery times.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Travel Money Oz is an Australian foreign currency exchange specialist that buys and sells physical foreign cash (60+ currencies) through 90+ retail stores and an online ordering platform with same-day pickup and 3-hour delivery. Its flagship product is the Currency Pass, a reloadable prepaid Mastercard that can hold up to 17 currencies and is usable globally wherever Mastercard is accepted, including via Apple Pay and Google Pay digital wallets. The company also offers international money transfers powered by SendFX and supporting tools such as a Holiday Budget Calculator.

Product overview

Travel Money Oz is a foreign currency exchange specialist offering a portfolio of travel money products centered around its Currency Pass prepaid Mastercard and foreign currency cash services. The core offering combines physical Currency Pass cards (loadable with up to 17 currencies) with digital wallet integration (Apple Pay and Google Pay), alongside online and in-store foreign currency purchasing with same-day delivery/collection. Supporting services include Travel Money Transfers (powered by SendFX), a Holiday Budget Calculator, and customer loyalty programs (Travel Money Club, VIP Rates). The company operates 90+ stores across Australia and is part of Flight Centre Travel Group.

Differentiator

Problem solved

Functional benefit

Brands

• Currency Pass: Reloadable prepaid travel money card allowing users to load up to 17 currencies, lock in exchange rates, and use globally wherever Mastercard is accepted.

Products and services

• Currency Pass
• Foreign Currency Cash (Online Ordering)
• Travel Money Transfers
• Currency Pass Mobile App

Quantifiable outcome

• Over $400,000 raised for UNICEF through Small Change, Big Difference coin collection program since 2017
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• UNICEF AustraliacoreStrategic or Co-development Partner · 1 January 2017Small Change, Big Difference foreign coin collection program. Customers donate unwanted foreign coins at Travel Money Oz stores, which are converted to donations supporting UNICEF Australia's work protecting children globally. Over $400,000 raised since partnership began in 2017. Travel Money Oz serves as collection points for the program.
• Travel Money NZcoreStrategic or Co-development Partner · 1 January 2014Sister company in New Zealand. Travel Money Group formed in 2015 bringing Travel Money Oz (Australia) and Travel Money NZ together under one family. Both brands operate under the Flight Centre Travel Group umbrella.
• MastercardcoreTechnology or IntegrationMastercard powers the Currency Pass prepaid card, enabling global acceptance at millions of locations and ATMs. Provides payment network infrastructure, tokenization, and security features. Also enables Apple Pay and Google Pay digital wallet integration.
• EML Payment Solutions LimitedcoreTechnology or IntegrationEML (ABN 30 131 436 532, AFSL 404131) is the issuer of the Currency Pass in conjunction with Mastercard. Manages cardholder funds, transaction processing, and compliance. Underwrites funds loaded on the card.
• Send (SendFX Pty Ltd)coreTechnology or IntegrationSend provides international currency transfer solutions powering Travel Money Transfers. SendFX is regulated by ASIC, registered with AUSTRAC, member of AFCA, and holds AFSL 509635. Enables fee-free international transfers with competitive exchange rates.

Scale indicators8 records

Recent moves8 records

Expansion highlights8 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Travel Money Oz