Madurai, India, August 09, 2019

Travel Money, Foreign exchange brand of FCM Travel Solutions and Travel Tours, the leisure travel brand of FCM Travel Solutions - Indian subsidiary of Flight Centre Travel Group Australia, is looking to widen their presence in Tamil Nadu with the launch of their newest store in Madurai. The store, hosting both the brands under one roof, was inaugurated by Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions. With this launch, Travel Money is present across 42 stores in India while Travel Tours is present across 38 outlets. 

Travel Money and Travel Tours stores have been designed to give consumers a convenient access with an unbeatable pricing and service quality related to Foreign Exchange and Leisure Travel. The store at Anna Nagar offers a wide range of foreign exchange services such as Buying & Selling Foreign Currency, Multi-Currency Travel Card, Outward Remittances for Educational or Close Relative Maintenance and travel services by Travel Tours such as Domestic and International Flights, Customized and Group Holidays, Hotels, Car Transfers, Visa, Cruise vacations, Honeymoon packages, Adventure holidays and more.  


Speaking about the store launch, Mr. Anand Menon, Brand Leader, Travel Tours, Leisure Travel Brand of FCM Travel Solutions, said, “We have seen a trend wherein more and more travelers from Tier II cities in southern India especially Tamil Nadu are booking international holidays contributing significantly to the growth in outbound travel from India. Expanding into such tier II markets has proven to be a growth driver for us. After Chennai and Coimbatore, we have seen an increase in visa applications from non or mini metro cities like Madurai. With an increasing number of Indians investing in unique holiday experiences, there has been a significant rise in queries and bookings. The launch of our 38th store is a big step in cementing our foothold in the southern market. Travel Tours has long been known for its quality of service offered and our mission is to provide not only the best service for the best prices but also to ensure that our clients have life changing travel experiences.”

Speaking about the development, Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions said, “With its pristine beaches and multi-cultural heritage Tamil Nadu has been attracting international visitors every year and is a strong market for foreign exchange. Being one the biggest hubs in the southern airlines sector makes Tamil Nadu a booming outbound market especially for regions like South-East Asia, Australia and New-Zealand. With this new store in Madurai, we want to address the high demands for forex and other related travel services. We look forward to servicing both inbound as well as a growing number of international travellers from Madurai. With the launch of our 42nd store, we are well on our way to expanding our foothold across key markets in Southern India.”



With the opening of this latest store the national reach for Travel Money is now at a total of 42 stores across India in all major cities including Delhi, Gurgaon, Mumbai, Pune, Ahmedabad, Chandigarh, Bangalore, Cochin and Thiruvananthapuram via a combination of owned branches and franchise outlets. Whereas Travel Tours’ current footprint extends to a total of 38 stores across Mumbai, Delhi, Chandigarh, Jalandhar, Ahmedabad, Vadodara, Pune, Bengaluru, Hyderabad, Kochi, and Anand via a combination of owned branches and newly opened franchise outlets.  

Services at Travel Money Include:

  • Complete range of products including currency notes and prepaid foreign exchange travel cards
  • Caters to both buying and selling of foreign exchange for Leisure travel, Business travel, Medical Treatment, Education, Emigration and Employment.
  • Open all 7 days of the week and providing Home and Airport Delivery of currency 
  • Outward Remittance facility and Instant forex cards and reloads





June 3rd, 2019

Travel Money, the flagship Foreign Exchange brand of FCM Travel Solutions, the Indian subsidiary of Flight Centre Travel Group, Australia has launched The Unbeatable Forex Festival to provide simplified foreign exchange solutions with best rates and better rewards to customers travelling abroad.

The festival which will run from May to July 2019 coincides with the peak holiday season and will address the foreign exchange needs of Indians travelling overseas. In addition to holiday-goers, The Unbeatable Forex Festival will also be applicable for students seeking remittances to study abroad.

Speaking about the new campaign, Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange brand of FCM Travel Solutions said, “As India experiences an upsurge in overseas travel, our focus will be on providing best rates and even better rewards for summer travellers. With more people travelling abroad, there is a rise in foreign exchange spends, and we would like to provide a more fruitful experience for our customers. Through our online portal and various network stores, we are constantly customizing our product offerings to ensure ease of travel as well as more benefits on every purchase.” 

The highlights of The Unbeatable Forex Festival campaign include a Mega Prize that offers a 5-night complimentary Dream Cruises trip for 3 lucky couples with the highest forex spends for the festival period. The couple who tops the game will win a grand holiday on board the World Dream Cruise from Hong Kong while the other two will win a trip on board the Genting Dream from Singapore.

In addition, there are assured vouchers from Travel Tours, OYO, Zoomcar and Myntra that are to be won on a daily basis. Weekly winners will get trolley bags from Skybags. The offer can be availed by walking into any of the Travel Money branches located across India. Customers can also make the most of ‘no commission on online purchase’ by ordering forex online on 

Services at Travel Money Include:

  • Complete range of products including currency notes and prepaid foreign exchange travel cards
  • Caters to both buying and selling foreign exchange for Leisure travel, Business travel, Medical Treatment, Education, Emigration and Employment
  • Open all 7 days of the week and providing Home and Airport Delivery of currency 
  • Outward Remittance facility and Instant forex cards and reloads




9th October 2019

Travel Money, the foreign exchange brand of FCM Travel Solutions is introducing their affordable student remittance service for Indian students going abroad for higher education. Student wanting to go overseas can remit money via Travel Money’s Student Remittance service and receive more affordable rates than the ones offered anywhere else. Travel Money has witnessed an almost 41% growth in their educational remittance business in the last year and are committed towards advancing this segment further with their remittance scheme. 

Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions, said, “We have seen a surge in the Student Remittance business in the last 3-4 years. Growing at a healthy rate, the business is expected to continue to flourish. The primary drivers for this have been better employment opportunities, rise in income levels, easy access to educational loans as well as proactive push from foreign countries to attract Indian students. Our student remittance program focuses on helping parents and students transfer funds smoothly and at reasonable rates. To further enrich the service offering for our customers we are actively looking to tie up with major institutes not only in India but also overseas.”

As we witness more Indian students travelling abroad for education, Travel Money’s offering comes as an advantage to parents and students that wish to transfer money to a foreign country or currency. Often, families must plan in advance to arrange for funds for living expenses and tuition fees for their children even before they have shift abroad. The availability to transfer money overseas through an online portal will be beneficial for such customers. 


Funds can be transferred via demand draft, wire transfer or online transfer via Travel Money’s website – This service can be availed for 14 different currencies around the world. Customers will be happy to choose Travel Money’s remittance offering due to its incredible accessibility and flexibility options. Transaction processing time at Travel Money is also about 24-hours. In addition to these benefits Travel Money also offers perks like door step delivery and free ATM withdrawals. 

05th December 2018

FCM Travel Solutions has been named ‘World’s Leading Travel Management Company’ in 2018 for the eighth time by ‘The World Travel Awards’. This year’s prestigious Grand Final Gala Ceremony was held at the unrivalled Pátio da Galé in Lisbon this past Saturday.

The World Travel Awards gratifies to celebrate and reward excellence across all sectors of the global travel and tourism industry and acknowledges as the ultimate travel accolade. The Awards are voted by travel and tourism professionals across the globe and this honor recognizes the commitment to excellence FCM has demonstrated during the past 12 months.

After accepting the award, Mr. Rakshit Desai, Managing Director, FCM Travel Solutions, attributed the hard work and commitment of FCM offices worldwide and said, “It is indeed a very special honor to retain this prestigious award on behalf of our truly committed and outstanding teams who have made us very proud - this award is a powerful tribute to them. We are extremely delighted and humbled by the recognition we have received from our clients, our peers and our partners. These appreciations continue to inspire and motivate us to set higher benchmarks of excellence.”

He added, “Our customers will always remain our top priority and we will continue to innovate and transform their travel programs with the help of leading technology to deliver maximum savings.”

FCM continues to invest heavily in its people and their professional development to ensure the travel management services it delivers to customers are high quality and contributing to high-performing travel programs.

Each year FCM’s business evolves – through upskilling of its people, new clients, more advanced technology offerings and new strategies for clients to contain their travel costs.

Marcus Eklund, Global Managing Director, FCM said “I am extremely proud of the collective contributions of all FCM colleagues in this achievement. The passion and commitment of our people is at the heart of what makes us a successful organization.”

Adding “It is no small feat in achieving this award and shows FCM’s continued commitment in delivering exemplary services to our clients."

August 16, 2019

Ritesh Pai, Chief Digital Officer, YES BANK said, “YES BANK is pleased to partner with FCM Travel to provide highly secure digital payment solutions coupled with a completely seamless experience to customers while travelling abroad. Such partnerships are an extension of YES BANK’s A.R.T. (alliances and relationships driven by technology) philosophy and puts us firmly on the track to be the cutting-edge digital bank in India. As a Bank, we always focus on future-ready concepts and strategies and be ahead of the curve in implementing new age banking solutions for the ease of our customers.”

Murali Nair, VP and Head of Business Development, India, Visa said, “People who travel overseas and to different countries often have to manage multiple currencies in cash and worry about the threat of loss or theft. We are delighted to partner with Yes Bank and bring India’s first cobranded Multi-Currency Travel Prepaid Card to the customers of Travel Money. They can now travel and use these cards in any part of the world without worrying about their money’s safety.”

Prabhu R, Director, M2P Solutions P Ltd said, “India is going through a phase of rampant growth in foreign travel for leisure and work. Travellers yearn for better experiences and convenience during their travel abroad. We are pleased to bring to life this exciting product to market, in partnership with Yes bank and FCM Travel and we are confident that the Travel Forex Card is a perfect mix of technology, convenience & safety, providing travellers complete peace of mind.”

Mr. Rakshit Desai, Managing Director, FCM Travel Solutions - Indian subsidiary of Flight Centre Travel Group added, “We are always looking to make travel more comfortable and hassle free for our travellers.  The Travel Money Forex Card lets travellers spend in 10 different currencies world over and comes with a host of features, exclusive benefits and ease of use, making travelling abroad easy. In this endeavour, we are happy to have Yes Bank as our trusted partner in offering high quality services to travellers.”

Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions, said, “With an increasing number of Indians travelling abroad every year, potential travellers requiring forex card services continue to grow. With the launch of this co-branded card with Yes Bank, Travel Money is looking forward to use technology to make international travel even more convenient for our growing traveller base. We are certain that we will use this opportunity to make a difference in travellers’ lives.”


The card’s distinctive features provide travellers total control of their card at their fingertips. Travellers can load up to 10 currencies on the card, track their daily travel budget, instantly check the INR value on the app, and locate surcharge free ATMs nearby. Additionally, in case of suspicious transactions, the card can be easily locked/ blocked by the traveller without assistance from customer service. The Travel Money YES BANK Multi -Currency Visa card is available across 135 Travel Money offices in India.