Fexco increases its UK currency exchange presence through the acquisition of Sainsbury's Travel Money service.

In a significant move, the Fexco Group has announced the acquisition of Sainsbury's Travel Money. This strategic move supports Fexco's broader strategy of growth through digital transformation, ecosystem partnerships, and customer-first design.

With the acquisition, Fexco will assume operational control of Sainsbury's Travel Money, including its digital infrastructure and over 220 physical locations across the UK. This nearly doubles Fexco's UK retail presence, expanding its network to over 460 locations nationwide.

The Sainsbury's Travel Money brand will continue to operate across all existing channels, ensuring customers can continue to access foreign exchange both in-store and online with the same ease and confidence. The acquisition also unlocks access to Sainsbury's extensive customer ecosystem, including over 18 million Nectar members.

Blathnaid Bergin, Chief Financial Officer at Sainsbury's, expressed her pleasure about the new long-term partnership with Fexco Group. Neil Hosty, CEO of Fexco Group, stated his excitement about the acquisition, believing it enhances Fexco's position in the UK retail foreign exchange (FX) market.

The integration of operations is expected to complete by early 2026. 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. The partnership sets a new benchmark in customer-centric travel money services.

It's worth noting that in August 2025, the bank that took over Sainsbury's Travel Money was not explicitly mentioned in the searched documents, nor was the total number of locations of this bank in the UK retail foreign exchange market provided. The available search results do not contain this specific acquisition information.

Despite this gap in information, the acquisition is expected to bring significant changes to the UK retail foreign exchange market, offering customers a seamless travel money experience and reinforcing Fexco's commitment to customer-focused digital transformation.