Travel Money NZ

What Travel Money NZ does

Travel Money NZ is a New Zealand-based retail foreign currency exchange provider founded in 2008 and operating as a wholly-owned subsidiary of Flight Centre Travel Group Limited. The company serves individual and small-business travelers needing physical currency, multi-currency prepaid card products, and complementary cross-border financial services. It is headquartered in Auckland with a network of retail stores across New Zealand, including at least eight Auckland locations, and reports a workforce in the 11-50 range. As a captive NZ subsidiary of a publicly listed Australian parent, its operational scope and capital allocation are defined within Flight Centre's broader travel services portfolio rather than as a standalone growth vehicle.

The core product set spans cash foreign currency exchange across 60+ currencies, the Cash Passport multi-currency prepaid Mastercard (issued in partnership with EML Payment Solutions), an online Click & Collect rate-lock-and-collect flow, and Travel Money Transfers for international remittances, powered by Send Payments. Supporting features include a Price Beat Guarantee, an In Stock Promise, Rate Move Protection, and the Buy Back Bonus repurchase program, all of which are designed to reduce purchase friction and lock in post-trip retention. The platform integrates a Holiday Budget Calculator that draws on Numbeo crowd-sourced cost data to extend the funnel from FX purchase into trip planning. The Cash Passport card is supported by global customer service lines, implying the card product is usable and serviced across multiple jurisdictions.

The business model rests on two revenue streams: (1) the bid-ask spread on cash currency exchange, which is the structural margin mechanic of retail FX, and (2) distribution, interchange, and float-related economics from the Cash Passport prepaid card and transfer services. Pricing is anchored to a public rate board, and the Price Beat Guarantee signals the company competes primarily on rate transparency and convenience rather than premium pricing. The customer base is overwhelmingly B2C, with individual travelers as the primary segment and small-volume business or corporate travelers as a secondary, undifferentiated segment. No enterprise client concentration, ARR disclosure, or revenue figure is publicly available.

Name

Travel Money NZ

Legal name

Travel Money (NZ) Limited

Website

https://travelmoney.co.nz

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Travel Money NZ is a New Zealand retail foreign currency exchange provider serving individual travelers with cash currency exchange, multi-currency prepaid cards, and online ordering. It operates as a wholly-owned subsidiary of Flight Centre Travel Group.

Ownership category

akta.pro rank

Product category

Foreign Currency Exchange

akta.pro primary industry

Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

akta.pro secondary industries

Travel Money Cards & Multi-Currency Prepaid (FSAMANAI), Loyalty, Points Currency & Stored Value Payments (THALAHAK)

Keywords

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

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Foreign Currency Exchange Margin: Travel Money NZ generates revenue through the spread between the buy and sell rates of foreign currencies. The exchange rates displayed on the website (e.g., 1 NZD = 0.5498 USD) represent the rate at which customers can purchase currency, with the company profiting from the margin built into these rates. The company emphasizes fee and commission free pricing.
2. Cash Passport Card Products: The company offers Multi-currency Cash Passport and Cash Passport Platinum Mastercard products issued by EML Payment Solutions Limited. These prepaid travel cards allow customers to lock in exchange rates for 10 currencies (NZD, AUD, EUR, USD, GBP, JPY, CAD, HKD, SGD, AED). Revenue may come from card issuance fees, reload fees, and exchange rate margins on card transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Travel Money NZ is a retail foreign currency exchange service that buys and sells physical foreign cash across 60+ currencies through a network of New Zealand retail stores and an online Click & Collect ordering platform. The company distributes the multi-currency Cash Passport and Cash Passport Platinum prepaid Mastercard cards issued by EML Payment Solutions, provides international money transfers via Send Payments, and supports customers with budgeting tools and the Travel Money Club loyalty program.

Product overview

Travel Money NZ is a foreign currency exchange service operating as part of Flight Centre Travel Group Limited. The core offering consists of foreign currency exchange (buying and selling foreign cash) with both in-store and online (Click & Collect) options. The product portfolio includes the Travel Money Card (Cash Passport and Cash Passport Platinum Mastercard) as a multi-currency prepaid card. Value-added services include Price Beat Guarantee (competitive rate matching), In Stock Promise (stock availability guarantee for 11 currencies), Rate Move Protection (rate improvement protection within 7 days), and Buy Back Bonus (bonus on returning leftover currency). Additional tools include the Holiday Budget Calculator (powered by Numbeo data), Travel Budget Calculator, FAQs, and Travel Guides. The Travel Money Club provides a loyalty program with monthly prize draws. The company also offers Travel Money Transfers powered by Send Payments for international money transfers.

Differentiator

Problem solved

Functional benefit

Brands

• Cash Passport: Multi-currency prepaid card product enabling travelers to load and lock exchange rates for 10 currencies including NZD, AUD, EUR, USD, GBP, JPY, CAD, HKD, SGD and AED. Issued by EML Payment Solutions Limited.

Products and services

• Foreign Currency Exchange Retail service for buying and selling foreign currency cash at competitive exchange rates, with same-day currency available via 1-hour Click & Collect or instant in-store transactions for individual New Zealand travelers.
• Travel Money Card (Cash Passport) Multi-currency prepaid card (Cash Passport and Cash Passport Platinum Mastercard) issued by EML Payment Solutions Limited, allowing travelers to load and lock in exchange rates for 10 currencies (NZD, AUD, EUR, USD, GBP, JPY, CAD, HKD, SGD, AED) and manage the card via the Cash Passport mobile app.
• Travel Money Transfers International money transfer service powered by Send Payments, enabling Travel Money NZ customers to send money abroad as part of their travel money needs.
• Travel Money Club Subscription-based loyalty program offering members exclusive travel money offers, tips, market updates, and entry into a monthly prize draw to win $500 NZD onto a Cash Passport.

Quantifiable outcome

• 1-hour Click & Collect for online orders
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Flight Centre Travel Group LimitedcoreOthersTravel Money NZ is a wholly-owned subsidiary/trading brand of Flight Centre Travel Group Limited, one of the world's largest travel agency groups. The company operates under the Travel Money Currency Exchange (NZ) Limited and Travel Money Currency Exchange Pty Ltd (ABN 46 121 451 723) legal entities. Parent company provides brand credibility, distribution advantages, and operational infrastructure.
• EML Payment Solutions LimitedcoreOEM/ Whitelabel/ Licensing PartnerEML Payment Solutions Limited is the issuer of the Multi-currency Cash Passport and Cash Passport Platinum Mastercard products offered by Travel Money NZ. These products are unsecured debt securities issued by EML. Travel Money NZ acts as a distribution partner for these card products.
• NumbeosupportingTechnology or IntegrationNumbeo provides crowd-sourced cost of living data that Travel Money NZ integrates into their Holiday Budget Calculator tool. This helps travelers estimate budget requirements for destinations based on real user-contributed cost data.
• Send PaymentssupportingTechnology or IntegrationSend Payments powers the Travel Money Transfers service offered by Travel Money NZ, enabling international money transfers for travelers.
• Mastercard International IncorporatedsupportingOEM/ Whitelabel/ Licensing PartnerMastercard is the payment network for the Cash Passport Platinum Mastercard. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• No1 Currency: New Zealand-based retail foreign currency exchange operator with multiple physical stores and online ordering, directly competing with Travel Money NZ for the same NZ leisure/business traveler customers using FX-margin economics.
• NZ Post (foreign currency service): New Zealand's national postal network sells foreign currency at selected post offices across the country; provides a directly comparable domestic retail FX distribution channel to TMNZ's store network for NZ travelers.

Regional players

• Travel Money Oz (Travel Money Currency Exchange Pty Ltd): Sibling brand under the same Flight Centre Travel Group parent operating the identical retail FX + Cash Passport + Click & Collect model in Australia; highly comparable business model and product set but in a different geography.

Broad incumbents

• Travelex: Global retail foreign currency exchange leader with airport and high-street branches worldwide; provides the broader incumbent benchmark for retail FX store economics, multi-currency cards, and online ordering at scale.
• OFX (formerly OzForex): Established international money transfer and FX services provider founded in Australia; overlap with TMNZ's Travel Money Transfers service and broader FX/remittance offering for travelers and small businesses.
• Currencies Direct: Global specialist in international payments and FX (including prepaid travel cards), serving both consumer and SME segments; broader incumbent comparable for FX margin economics, card products, and online ordering flows.
• HiFX (Euronet Worldwide): International payments and FX specialist (now part of Euronet) with significant presence in NZ/AU/UK; provides a comparable FX/remittance operating model to TMNZ's cross-border transfer offering.

Emerging players

• Wise (formerly TransferWise): Digital-first multi-currency wallet and cross-border payments platform; competes with TMNZ's Cash Passport and Travel Money Transfers for the digital/multi-currency wallet use case among NZ travelers.
• Revolut: Multi-currency digital bank/card offering FX, spending and transfers globally; an emerging digital alternative to retail FX that targets the same traveler segment with multi-currency stored value functionality.
• WeSwap: UK-based peer-to-peer travel money card platform letting users swap currency with each other and spend abroad; comparable to Travel Money NZ's multi-currency card proposition for cost-conscious travelers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/travelmoneynz
• LinkedInlinkedin.com/company/travel-money-nz

Revenue estimate

Valuation estimate

Number of profiles

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 NZ