Travelex, a market leading foreign exchange brand, has won the tender to operate foreign exchange and tax refund services for the Terminal 1 non-Schengen Terminal at Munich Airport.

The five-year contract, which will run from October 2025, will see Travelex operate two new stores and several ATMs at non-Schengen areas of Terminal 1.

In addition to exclusively operating retail foreign exchange services at Terminal 1’s non-Schengen area, Travelex will also be operating tax refund services at the terminal.

Having opened its first German bureau in Frankfurt in 1993, Travelex today operates 25 stores and 50+ ATMs across Frankfurt, Berlin, Hamburg and Cologne airports.

Munich Airport is Germany’s second-busiest airport and was the tenth busiest in Europe last year, having handled over 37 million passengers in 2023.

The winning of the Munich Airport tender means Travelex is set to operate at five of Germany’s six busiest airports, representing 90% share of Germany’s international air passenger volumes.

Leonard Stolk, Director, Travelex Europe said: “We are hugely excited to have won the tender to operate at Munich Airport, and to serve a city that has developed into one of Europe’s favourite shopping and tourism destinations, drawing millions of high-end travellers from around the world every year.

“Last year we celebrated thirty years of operations in Germany, and winning Munich Airport’s tender marks the latest successful chapter in our European journey.” – TradeArabia News Service