Moneycorp
Moneycorp is a British foreign-exchange and international-payments company serving individuals, businesses, and financial institutions.
Last updated October 14, 2026
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Overview
Moneycorp is a British financial-services brand focused on foreign exchange, international payments, and related money-movement infrastructure. Its activities span retail foreign exchange, corporate currency services, payment technology, wholesale banknotes, and financial-institution services. The company serves individuals, corporations, and other financial institutions, positioning itself between traditional foreign-exchange intermediaries and technology-enabled payment providers. The business traces its corporate origins to a London company established in 1962 as David Leslie Jewellers (Oxford Street) Limited. That entity changed its name to Town Tickets and Tours Limited in December 1979 and later became TTT Moneycorp Limited in April 1993. The Moneycorp brand was adopted in 2008, when the company dropped the TTT element as part of a rebranding. Its early activities included bureau de change locations and traditional foreign-exchange retailing in central London, where it competed with banks and other currency providers. The retail operation subsequently expanded into airports and other travel-related locations. During the early 2000s, Moneycorp broadened beyond cash and bureau-de-change services. It began providing international-payment capabilities to private clients and then developed a stronger focus on corporate customers. This change expanded the company’s role from a consumer-facing currency retailer into a provider of foreign-exchange execution, currency-risk management, international account services, and payment operations. Technology licensing, platform upgrades, payment integrations, and compliance systems became increasingly important to the business model. Ownership also changed materially during this period. In December 2006, the Royal Bank of Scotland Special Opportunities Fund became a significant shareholder after acquiring a stake from the Shlewet Family Trust, which had previously owned the business. RBS’s institutional holding reached 99.9% in November 2011. After eight years, Moneycorp was acquired by Bridgepoint for £212 million, according to the referenced account of the transaction. The current ownership structure is not specified in the supplied material. Moneycorp expanded internationally from 2014 onward. It obtained money-service-business licences in Spain, Romania, and the United States, and secured banking licences in Brazil and Gibraltar through Moneycorp Banco de Cambio and Moneycorp Bank. It later obtained money-service-business licences in Hong Kong in 2018 and Canada in 2020. In November 2019, it became one of the first two non-U.S. bank members of the U.S. Federal Reserve’s Foreign Bank International Cash Services program. This gave the company direct access to Federal Reserve U.S.-dollar currency services and supported its role as a payments gateway for international financial institutions. Moneycorp’s Financial Institutions Group focuses on the distribution, repatriation, and recirculation of banknotes for commercial banks, central banks, and other financial institutions. Across its divisions, the company offers spot foreign exchange, forward contracts, option contracts, mass-payment services, application-programming interfaces, multicurrency wallets, international bank accounts, deposit and notice accounts, and prepaid cards. The company has described its technology environment as including liquidity-provider connectivity, API integrations, self-service tools, and financial-crime monitoring. It also emphasizes compliance and the segregation of client funds. By 2022, Moneycorp stated that it served more than 40,000 customers, could send payments to more than 190 countries, and worked with more than 150 international partners. The supplied material does not provide current revenue, employee, valuation, or ownership figures. Moneycorp remains an active international foreign-exchange and payments brand, although its present corporate structure and current leadership are not identified in the available references.
History
Moneycorp’s corporate lineage begins in London in 1962, when the company was established as David Leslie Jewellers (Oxford Street) Limited. Its early corporate name did not describe the foreign-exchange and payments business for which the brand later became known. In December 1979, the company changed its name to Town Tickets and Tours Limited. It subsequently became TTT Moneycorp Limited in April 1993. The business developed through bureau de change and retail foreign-exchange operations. It operated sites in central London, serving travelers and other individuals seeking currency services and competing with local banks. The retail network later expanded into airports, giving Moneycorp a presence in locations associated with international travel and foreign-currency demand. In the early 2000s, Moneycorp began extending its services beyond physical currency exchange. It introduced international-payment capabilities for private clients and then increasingly targeted corporate customers. This transition broadened the company’s commercial scope to include international transfers, foreign-exchange execution, currency-risk management, and payment support for businesses. Technology became a central part of the expansion, with the company investing in licensing, system upgrades, connectivity, and payment infrastructure. The brand identity was simplified in 2008, when TTT was dropped and the business adopted the Moneycorp name. Ownership changed during the same broad period of development. In December 2006, the Royal Bank of Scotland Special Opportunities Fund acquired a significant stake from the Shlewet Family Trust, the company’s former owners. RBS became the sole institutional investor and held 99.9% of the group by November 2011. After eight years, Bridgepoint acquired Moneycorp for £212 million. No current owner is identified in the supplied sources. From 2014, the company pursued a more international regulatory and operating footprint. It obtained money-service-business licences in Spain, Romania, and the United States. It also secured banking licences in Brazil and Gibraltar, operating through Moneycorp Banco de Cambio and Moneycorp Bank. Further money-service-business licences followed in Hong Kong in 2018 and Canada in 2020. A notable development occurred in November 2019, when Moneycorp became one of the first two non-U.S. bank members of the Federal Reserve’s Foreign Bank International Cash Services program. Membership provided direct access to Federal Reserve U.S.-dollar currency services. Moneycorp used this relationship as a gateway for international financial institutions through its Financial Institutions Group, which supports banknote distribution, repatriation, and recirculation. Its institutional customers include commercial and central banks. The company continued developing payment technology while maintaining an emphasis on security, compliance, financial-crime monitoring, and segregation of client funds. Its services include spot foreign exchange, forward contracts, currency options, mass payments, API integrations, multicurrency wallets, international accounts, deposit products, wholesale banknotes, and prepaid cards. By 2022, Moneycorp stated that it had more than 40,000 customers, payment reach covering more than 190 countries, and more than 150 international partners. The available reference material does not establish current financial performance, leadership, ownership, or a definitive present-day corporate structure.
- 2022
Reported global customer and payment scale
[1]Moneycorp stated that it served more than 40,000 customers, sent payments to more than 190 countries, and worked with more than 150 international partners.
- 2020
Canadian licence obtained
[1]Moneycorp obtained a Canadian money-service-business licence.
- 2019
Federal Reserve cash-services participation
[1]Moneycorp joined the Federal Reserve’s Foreign Bank International Cash Services program as one of the first two non-U.S. bank members.
- 2018
Hong Kong licence obtained
[1]Moneycorp obtained a money-service-business licence in Hong Kong.
- 2014
International regulatory expansion
[1]Moneycorp obtained licences in Spain, Romania, the United States, Brazil, and Gibraltar.
- 2011
RBS holding reaches 99.9 percent
[1]The RBS Special Opportunities Fund held 99.9% of the group, according to the referenced history.
- 2008
Moneycorp brand introduced
[1]The company rebranded as Moneycorp and dropped the TTT element from its public brand.
- 2006
RBS Special Opportunities Fund becomes significant shareholder
[1]The Royal Bank of Scotland Special Opportunities Fund acquired a significant stake from the Shlewet Family Trust.
- 2000
Expansion into international payments
[1]Moneycorp expanded across the United Kingdom and began providing international-payment services to private clients before developing a stronger corporate focus.
- 1993
TTT Moneycorp name adopted
[1]The legal name became TTT Moneycorp Limited in April.
Products and positioning
A technology-enabled foreign-exchange and international-payments provider serving retail customers, businesses, and financial institutions across multiple jurisdictions.
Foreign exchange
Spot foreign exchange
Moneycorp provides spot foreign-exchange transactions for customers needing to exchange currencies at prevailing market rates. The service supports personal, corporate, and institutional currency requirements within the company’s broader international-payments offering.
FX risk management
Forward contracts
Forward contracts allow customers to arrange currency exchanges for a future date at an agreed rate. Moneycorp presents forwards as part of its foreign-exchange risk-management services for customers exposed to future international payments or receipts.
FX risk management
Currency options
Currency options are included among Moneycorp’s foreign-exchange instruments. They provide a structured way for customers to manage currency exposure while retaining specified choices around a future exchange transaction.
Payments
International payments
Moneycorp facilitates cross-border payments for private individuals, companies, and financial institutions. The service is supported by access to more than 120 currencies and payment reach covering more than 190 countries, according to company information cited in the reference material.
Payment technology
Mass payments and APIs
The company offers technology for businesses and institutions that need to send payments at scale. Its infrastructure includes API integrations and connectivity with liquidity providers, intended to support automated or high-volume international payment workflows.
Account and wallet services
Multicurrency wallets
Multicurrency wallets enable customers to hold and manage balances in multiple currencies. They form part of Moneycorp’s broader suite of international account and payment tools for customers operating across currency markets.
Banknote services
Wholesale banknotes
Through its Financial Institutions Group, Moneycorp supports the wholesale distribution, repatriation, and recirculation of banknotes. The service is aimed at institutional customers, including commercial and central banks.
Banking and account services
International bank accounts
Moneycorp offers international bank-account services as part of its cross-border financial-services range. These accounts are designed to support customers with international payment and currency-management needs.
Deposit products
Notice and deposit accounts
Notice accounts and deposit accounts are listed among Moneycorp’s services. The supplied material does not provide detailed terms, rates, eligibility requirements, or jurisdiction-specific availability.
Prepaid payment card
Prepaid Explorer Card by Mastercard
The Prepaid Explorer Card is a Mastercard-branded prepaid card included in Moneycorp’s international and travel-related product range. Specific current availability, features, and markets are not provided in the supplied reference.
Brand decisions
2019
Participation in Federal Reserve cash-services programStrategyBackground
International financial institutions require reliable access to U.S.-dollar currency services and banknote distribution infrastructure.
Action taken
Moneycorp joined the Federal Reserve’s Foreign Bank International Cash Services program as one of the first two non-U.S. bank members.
Aftermath
The relationship gave Moneycorp direct access to Federal Reserve U.S.-dollar currency services and strengthened its Financial Institutions Group gateway role.
2014
International licensing and banking expansionStrategyBackground
Moneycorp sought to extend its foreign-exchange and payments operations beyond the United Kingdom.
Action taken
The company obtained money-service-business licences in Spain, Romania, and the United States, and banking licences in Brazil and Gibraltar.
Aftermath
The licences supported Moneycorp’s international operating footprint and its ability to serve customers across additional jurisdictions.
2008
Rebrand from TTT Moneycorp to MoneycorpStrategyBackground
The company had expanded from bureau de change into international payments and broader foreign-exchange services, creating a need for a simpler public identity.
Action taken
Moneycorp dropped the TTT element and adopted Moneycorp as its brand name.
Aftermath
The Moneycorp name became the company’s principal public-facing identity. No further measured brand impact is supplied.
Sources1 sources
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