More NewsFX Africa Deploys Travel Money Exchange to Streamline Operations

FX Africa Deploys Travel Money Exchange to Streamline Operations

FX Africa (trading in South Africa as Travelex Retail Foreign Exchange) has selected IMX Software’s TMX (Travel Money Exchange) online solution to manage its retail foreign exchange outlets throughout the region. TMX online automates transactions involving travel-related products and services, including cash, travellers’ cheques, serialised and non-serialised stock and money orders, significantly reducing human error prone tasks.

TMX gives management at Travelex Retail Foreign Exchange (TRFE) the ability to maintain real-time, centralised control of its branch network. The TMX suite provides a full range of management and reporting tools, allowing TRFE to easily manage and track inventory, products, fees and rates.

Darren Jenkins-Ferrett, managing director of TRFE, said: “We have selected the TMX online solution to manage our operations because it is a leading independent solution for retail foreign exchange operators. The suite is a mature product with rich functionality that supports our drive to improve efficiency and customer service. By selecting a product based on industry standards rather than custom-developing our own solution, we can benefit from a low ongoing cost of ownership whilst ensuring we stay up-to-date with the latest market trends and technology.”

IMX Software is represented in South Africa by its business partner Business Edge.

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