We are back Down Under
Our initial Australian launch back in 2020 was interrupted by COVID-19, limiting us to just 24 days of trade at Cairns Airport.
More than 5 years later we are back again, this time at Gold Coast Airport, starting in July 2025 with two staffed kiosks and at least two XTMs operated by a small team of a Team Leader and at least four Sales Consultants.
We will operate under the Interchange Travel Money brand. As the Interchange brand is new to Australia and the Australian FX market, we have included Travel Money to the brand so to inform customers of our primary services.
About Australia – Australia is the only country in the world that covers an entire continent. It is one of the largest countries on Earth. Although it is rich in natural resources and has a lot of fertile land, more than one-third of Australia is desert.
With a current population of almost 27 million, Australia is one of the world’s most ethnically diverse nations. Nearly a quarter of the people who live in Australia were born in other countries. They come from the United Kingdom and other European countries, but also from China, Vietnam, North Africa, and the Middle East.
Tourism in Australia is an important part of the Australian economy, and comprises domestic and international visitors. Tourism was Australia’s fourth-largest export and over the previous decade was growing faster than national GDP growth. At the time it represented 3.1% of Australia’s GDP contributing more than $62 billion to the national economy.
Popular Australian destinations mainly include the coastal capital cities of Sydney and Melbourne, as well as other high-profile destinations including the other coastal cities of Brisbane, Perth, Adelaide, Gold Coast, and the Great Barrier Reef, the world’s largest reef.
Australian residence are prolific travellers, The main reasons for travel are holidays, visiting friends and relatives, and business.
The main destinations for Australians are New Zealand, China, United States, United Kingdon and India.
About the Gold Coast – The Gold Coast is in the state of Queensland, just over the border from New South Wales, and some 80km from Brisbane, the capital and largest city in Queensland.
The Gold Coast population is 650,000, however, it welcomes approximately 700,000 international visitors directly flying to its airport, and much more international visitors arriving on domestic flights from other cities in Australia.
Our Business Growth Strategy – Our Australian business growth strategy will focus on pursuing suitable opportunities for both traditional walk-up as well as self-serve XTMs, with a primary emphasis on self-serve XTMs. The goal is to reach fifty (50) XTMs by the end of 2026.
