Fexco acquires Sainsbury’s Travel Money to double UK FX footprint

By Vriti Gothi

Fexco Group, has acquired  Sainsbury’s Travel Money, to enhances its position in the UK retail foreign exchange (FX) market.

The agreement will see Fexco assume full operational control of Sainsbury’s Travel Money, including its digital infrastructure and an extensive physical network of more than 220 in-store bureaux de change. The integration of operations is expected to complete by early 2026.

This acquisition nearly doubles Fexco’s UK retail presence, expanding its network to over 460 locations nationwide. More strategically, it unlocks access to Sainsbury’s extensive customer ecosystem, including over 18 million Nectar members creating new opportunities to deliver added value through seamless, omni-channel travel money solutions.

By combining Sainsbury’s trusted in-store presence with Fexco’s advanced FX technology and operational expertise, the partnership sets a new benchmark in customer-centric travel money services. The Sainsbury’s Travel Money brand will continue to operate across all existing channels, ensuring service continuity while enabling future enhancements in speed, convenience and choice for consumers.

Neil Hosty, CEO of Fexco Group, said, “We are thrilled to welcome Sainsbury’s Travel Money, its talented team, and their millions of loyal customers to Fexco Group. The reputation and reach of the Sainsbury’s Travel Money business, with over 220 locations, make it a perfect fit with our commitment to delivering market-leading travel money services. Since 1981, Fexco has built a legacy of outstanding customer service, delivered through strong partnerships and product innovation. We are excited to extend that same level of excellence and continuity to the exceptional Sainsbury’s group as we bring the Sainsbury’s Travel Money business into the Fexco family.”

Customers will experience no immediate changes. Travel money services will continue to be available both online and across all existing Sainsbury’s bureaux, under the same brand they know and trust.

Bláthnaid Bergin, Chief Financial Officer at Sainsbury’s, said, “Travel money is a service our customers value and we’re pleased to be entering a new long-term partnership with Fexco Group that ensures they can continue to access foreign exchange both in-store and online with the same ease and confidence. With over 220 bureaux nationwide and almost 10 per cent of the UK market, this is a well-established part of our offer and we’re pleased it will continue under the Sainsbury’s brand. With specialist expertise and a strong track record in foreign exchange, Fexco Group is a strong fit for our business. I’m also pleased to confirm that there will be no immediate changes, and customers can expect the same high level of service they know and trust.”

This milestone supports Fexco’s broader strategy of growth through digital transformation, ecosystem partnerships and customer-first design. By uniting digital platforms with a nationwide physical presence, the Group is positioned to offer UK travellers unmatched value, convenience, and trust—at every stage of their journey.