issuing travel cards Travelex Europe Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Travelex Europe is focused on issuing travel cards. The company offers prepaid cards, foreign exchange, mobile payment application to natural persons. In 2023 Travelex Europe Limited had total assets of 3.63 mln GBP, and generated net income of 51,000.00 GBP. During 2023 the company had 0 employees in average.
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Travelex Europe Limited is assigned the overall rating 2.64 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Narrow | (1.54) |
| Market Niche | Narrow | (1.73) |
| Company Background | Strong | (4.07) |
| Customer Support | Bad | (1.16) |
| Customer Sentiment | Excellent | (4.47) |
| Transparency | Low | (1.85) |
| Overall Rating | Average | (2.64) |
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TheBanks.eu has also identified the following pros and cons of the company:
Travelex Europe is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services.
From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.
Travelex Europe Limited is not registered with the FCA as a crypro asset firm.
Travelex Europe do not offer crypto assets services.
| thn GBP | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 3,552.00 | 3,634.00 | +2.31% |
| Revenue | 0.00 | 0.00 | 0.00% |
| Gross Profit | 0.00 | 0.00 | |
| Net Income | 51.00 | 51.00 | 0.00% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 119 (+85) |  UK First Fintech Limited | 0.01 % | 3.67 mln GBP (+1,082.89%) |
| 120 (-11) | Travelex Europe Limited | 0.01 % | 3.55 mln GBP (+1.81%) |
| 121 (-8) |  Dzing Finance Ltd | 0.01 % | 3.55 mln GBP (+11.42%) |
United KingdomTravelex Europe Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900537) for issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator, granting of credit related to execution of payment transactions on a payment account; the authorization was granted on 5 March 2018.
Travelex Europe Limited is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Travelex Europe is required to safeguard its customers’ money.
Since January 2021, Travelex Europe Limited can not conduct its activities in EEA member states.
Travelex Europe Limited is a SWIFT member.
Travelex Europe Limited is connected to MasterCard payment card scheme.
Thorpe Wood Worldwide House,, PE3 6SB, Peterborough, United Kingdom
+4402078125665English
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