Delivering round-the-clock foreign exchange services in major Turkish airports, Travelex was established in 2000 under the name Artı Döviz, as a partnership between Tepe-Akfen-Sera (TES). In May 2014, Travelex acquired a 75% stake at Artı Döviz for USD 41 million. With total assets worth TRY 24.3 million and shareholders’ equity of TRY 21.4 million as of end-2014, Travelex is the world’s leading company in foreign exchange services.
Headquartered in London, Travelex has a 140-year heritage in foreign currency, pioneering the travellers’ cheques of the past and the digital payments of the future. With a presence in over 70 countries, and over 1,200 stores at both on-airport and off-airport locations around the world, Travelex has distilled its expertise and experience into a platform that reinvents physical and digital cross-border money movement globally to ensure its clients remain one step ahead of the competition. The platform provides financial institutions with a trusted, efficient and accurate international money transfer service, plus secure and reliable banknote delivery of both major and exotic currencies.
Operations in Turkey
Travelex has operations at Turkey’s Ankara Esenboğa, İzmir Adnan Menderes, Antalya and Alanya Gazipaşa Airports and Kuşadası Cruiser Port. Since the acquisition by Travelex in 2014, Akfen Infrastructure has a 10% stake at the company.