Fexco Group has acquired Sainsbury’s Travel Money, marking a major expansion in the UK retail foreign exchange market. The move places Fexco among the top five players in the sector.

Fexco will take over all operations of Sainsbury’s Travel Money. This includes its digital platforms and more than 220 travel money bureaux within Sainsbury’s stores. Integration is planned for early 2026.

The deal increases Fexco’s UK retail footprint to more than 460 locations. It also opens up access to over 18 million Nectar members, offering a powerful opportunity to extend Fexco’s travel money services.

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 see no immediate changes. The Sainsbury’s Travel Money brand will continue, with service available both in-store and online.

Bláthnaid Bergin, Sainsbury’s Chief Financial Officer, 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 acquisition supports Fexco’s strategy to grow through innovation and strong partnerships. It brings together digital and in-store models to offer more choice, flexibility and value for customers across the UK.