Despite this shift however, the payment card is very much still alive with six-in-ten (60%) UK consumers stating they would not give up their debit card in favour of mobile payments. In fact, a further three quarters (75%) of UK consumers are concerned about the UK becoming a cardless society, where they no longer have access to a physical debit card and can only rely on mobile payments.

Here David Orme, SVP of IDEX Biometrics ASA at IDEX Biometrics ASA, explores the realities of payments preferences in the UK and what financial institutions must do to ensure that we experience a seamless transitions towards becoming a cashless society.

Do you remember coins? When was the last time you actually carried around a pocketful of pennies to pay for something? Given the rapid growth of contactless transactions, mobile payment apps and online shopping, it was probably quite a while ago now. Advancing banking technology, means we are fast moving towards a cashless society. In the UK, cash payments fell behind card transactions for the first time in 2017, while Sweden expects to become the first country in the world to go fully cashless, thanks to a country-specific payment app.

However, despite being hailed as the solution to end our use of cash and cards, mobile payment apps haven’t reached anywhere near the expected level of public adoption in the UK. By 2018, only 13% of the UK population was using mobile payments, due to the majority of the population generally preferring the ease and familiarity of contactless cards.

This is supported by our recent research at IDEX Biometrics ASA, which reveals that six-in-ten (60%) UK consumers would not give up their debit card in favour of mobile payments. In fact, a further three quarters (75%) of UK consumers are concerned about the UK becoming a cardless society, where they no longer have access to a physical debit card and can only rely on mobile payments.

Clearly, the payment card has become a strong part of our daily routine. So much so that, almost two-in-five (37%) of UK consumers stated that as long as they have access to a debit or credit card, the thought of a cashless society wouldn’t bother them. Interestingly, this number even rose to over half (52%) of 25-34-year-olds.

Given this strong evidence that consumers are still loyal to the payment card, it seems that the banking industry is focusing on the growth of the wrong payment technology. As we move towards a cashless world, the future of payments may not be in smartphone apps after all.

A smooth transition

There is a clear generational divide when it comes to the acceptance of digital payments. While over half (53%) of 18-24-year olds believe they already live a mostly cashless life, that number plummets to only 19% of those over the age of 55. Similarly, while four-in-ten (38%) of those aged 25-34 believe cash is now obsolete, only 9% of over 55s agree.

In fact, half (50%) of those aged over 55 are continuing to use cash to buy small-ticket items. Young people, however, are so tied to their card that two-in-five (40%) of those aged 25-34 say they won’t shop anywhere that doesn’t accept cards.

One of the greatest concerns surrounding a cashless society is the potential for inequality. Consumers shouldn’t be locked out of the banking system because they are less familiar with new payment methods or have limited access to digital devices. To keep our economy fair and inclusive, our payments system must stay accessible to all. Therefore, as we approach a cashless society, the UK Government and banking sector should reconsider the cashless transition. Instead of the focus on mobile payment apps, banks and financial institutions must adopt payment card technology that is convenient, secure and reliable for consumers of all ages, particularly older generations who still rely on cash.

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Holding on to security

Consumers are also dismissing mobile payment apps thanks to rising security worries around the new technology and the potential for misuse of mobile payments. Over two-thirds (68%) of respondents still feel more secure using their bank card than a mobile phone to make a payment, while almost three-in-five (58%) fear that if they lost their mobile phone, people would be able to access their bank accounts.

In contrast, half (50%) of respondents say that having their debit card gives them a sense of security. Significantly, four-in-ten (41%) consumers would trust the use of their fingerprint to authenticate payments from their bank card more than a PIN.

Given these concerns, it is evident that payment technology needs to be more secure. It’s time for banks to adopt cards with biometric fingerprint authentication, which can’t be misused without the owner’s fingerprint, even if stolen or lost. Incorporating this advanced biometric technology into payment cards would enhance authentication for transactions and provide all consumers with a safer payment process that offers more reassurance than PINs or apps currently provide.

Futureproofing the payments industry

Although the idea of a cashless society holds many benefits, 55% of consumers actually think a cashless society will be inconvenient. Whether from lack of technology awareness or security concerns, consumers are still fearful of the day when they have to rely on mobile apps to access their money and pay for goods. Given this fear, the financial industry needs to work quickly to enhance payment cards by utilising biometric technology to secure payment authentication, before cash becomes extinct.

Payment cards that provide the convenience of contactless payments with the added security of fingerprint authentication are the key to a seamless transition into a fully cashless society. Such cards will prevent misuse and card fraud, while allowing fast, convenient, secure and direct access to our bank accounts, bringing much-needed reassurance to UK consumers.

UK consumers have made their feelings clear; they are just not willing to give up their payment cards. In a cashless society, cards will still be leading the way – we must future proof them for the next generation of payments now.

New research has revealed that, of the average number of banknotes required by an individual adult each year, new £10 notes release 8.77kg of CO2 compared to their cotton-paper predecessors’ 2.92kg - exactly three times as much.

For £5 notes, that’s 4.97kg for polymer against 1.8kg for paper, or 2.76 times as much - just in the manufacturing of the required number of notes.

The research, that combines data from the Bank of England’s own reports with information on cash manufacture and usage, from sources such as the British Retail Consortium, to give a more realistic comparison.

The plastic notes were initially introduced in 2016, on the basis of their ability to include greater security features, being more resistant to dirt and having a longer life.

This extended lifespan was cited as the main reason for the new notes having a lower environmental impact. However, the bank’s data is based on what it calls functional units - the circulation of 1,000 banknotes over 10 years - rather than the number actually used by an individual, their manufacture and the number of exchanges they go through.

When it comes to disposal at the end of their lives, paper notes are returned to the Bank of England, where they are granulated and composted in a process similar to that used for food waste. Meanwhile, polymer notes are granulated, melted and mechanically recycled into other objects.

The greenhouse gas production of each method for both the paper and plastic £5 notes is essentially the same. The slightly larger and thicker £10 notes, though, mean that the polymer versions create slightly more CO2 in their end-of-life process than their paper counterparts.

Not every alternative method of payment avoids the problem, either. The increasingly popular Apple Pay, for example, comes with the considerable environmental cost of manufacturing an iPhone, which will typically only be kept for two years.

According to Apple’s own reports, a 64GB iPhone XS represents lifetime emissions of 70kg of CO2, with 53.9kg coming from the unit’s production. Almost eight times more than polymer £10 notes - the next most damaging option.

The most environmentally-friendly payment method is a bank card, despite being made from PVC. Over its three-year life, a standard card represents just 20.8g of CO2 production. Even when the technology for wireless payments is added, it increases to just 40g of CO2 - a fraction of that from banknotes.

(Source: Moneyboat)

To ensure that your life is continually being bettered, you have to resolve to make smarter financial decisions. You can start in this instance by determining to make and embrace the five decisions listed below.

1. Accept help whenever you need it

Stubbornness will get you nowhere when it comes to money. You need to be open to the idea of accepting financial help whenever it’s offered, as that could be the difference between you keeping your head above water and you drowning in debt.

The help that you accept could come in a plethora of different shapes and sizes. It could, for example, involve your parents offering you a lump sum to get you on the property ladder, or it could even come in the form of taking out a loan so that you can pay off debt that desperately needs clearing. The point is, there will always be someone or something out there willing to help; you just need to accept their assistance when they offer.

With regards to the latter, a loan company making a quick cash injection available to you, be sure to never dismiss this route as being financially dangerous. If you know that you are going to be able to repay the money that you borrow by the deadlines imposed on you to do so, there’s nothing wrong with taking out payday advance loans online. Whatever you do, just think it through and don’t make any rash decisions based off of fear or greed. Try to keep your borrowing down, and always use a reputable lending company.

As soon as you understand that the pride of not accepting financial help is not worth the fall that it eventually causes, you’ll find it much easier to accept the assistance you need to better your life.

2. Save all of your small notes

Whenever a small note finds its way into your purse or wallet, tuck it away into your ‘rainy day’ jar. If you do this every time you pick up a $1, $5 or $10 note, you’ll find yourself saving $100s in no time. What you do with that money, whether you keep it stored away for emergencies or whether you use it to pay for a much-needed vacation, will be ultimately dependant on what you think is going to better your life.

The best thing about this saving method is the fact that it doesn’t even feel like saving. It might mean going without a coffee every now and again, but the speed at which this money accumulates will feel like you’re growing money out of thin air.

3. Keep tabs on your bank

It’s easy to ignore your bank account, especially when you’re convinced that you’re not going to like what you see on there, but doing this will get be sure to land you in financial trouble sooner rather than later. By keeping tabs on your account regularly, you give yourself a much better chance of spotting irregularities with your outgoings, and you can stop fraud in its tracks before it has the opportunity to sink its claws into you. What’s more, by knowing how much you can afford to spend, you stop yourself from overspending, getting yourself into debt, and making life a lot harder for yourself as a result.

4. Always think in the longterm

As important as it is to keep track of your current spending habits, it’s also just as important to think in the longterm when it comes to your finances. Amongst a great deal of many other positive effects this will have on your bank balance, doing so will allow you to save an appropriate amount of money to suit your future endeavors. Perhaps you need a certain amount of spending money for a vacation you’re taking in 6 months? If you think in the longterm, you’ll have no trouble saving up this sum of money and, as a result, you’ll be able to truly enjoy your time away from home.

If there’s one thing for sure, it’s that thinking in the longterm will definitely open up your eyes to the amount of money that you spend and have the potential to save. If you’re wise about your money, you’ll take this newfound information on board and use it as inspiration to help you curb your spending. For example, once you understand just how expensive a daily Starbucks can be and how much money it has the potential to drain from you over a sustained period of time (having a $4 latte every day will see you spend over $21,000 over ten years), you’ll no doubt cut back on your caffeine fix. Whether this means avoiding coffee altogether or taking a flask to work each morning, the stark realization of how much you spend will be sure to scare you into saving. Just imagine what you could do with that extra $21,000 in ten year’s time.

5. Use cash, not credit

The biggest mistake you can make as a credit card owner is to treat your credit like it’s free money. By continuing to use your credit card freely and dismiss the spending that you do on it as being a problem that you’ll face another time, you’ll always find yourself in debt of something and owning money to someone. Whether you owe $10 or $100, when you’re in debt, it’s hard to put money aside that is going to better your life.

Instead of using credit to finance your lifestyle, use cash instead. This will see you keep a far tighter rein on your spending, and you’ll end up having more money to spend on yourself going forward. Whatever you do, just put the money that you do save to good use (remember, those lattes will soon add up!).

By making the five smart financial decisions listed above, your life will no doubt end up being a whole lot better.

But when is it sensible to use a card and when to save? MoneySuperMarket data shows that the usage of credit cards seems to be growing, and have recently conducted a study to identify how much you’ll actually pay on average based on the size of the payments you’re making, the average monthly repayment possible, and the average interest involved as a result.

Alongside the credit card payments, the research highlights how long it would take to make each payment by saving up a monthly average of £352.31 (based on average earnings of £1,827.10 a month, and average expenditure of £1,474.79 a month) – so you can compare whether it’s a better option to save up or to use a card.

Spending and Saving Numbers Crunched

With the average person being able to save around £350 a month, there’s minimal difference in terms of time and total amount spent for a purchase under this amount – whether you’re saving or using a credit card. But the interest does take an effect at higher costs. On a credit card payment of £600, for example, you would on average pay £17 in interest, taking two months to pay it off. At £5,000, the interest reaches up to £931 over 17 months of repayment, against 14.2 months of saving with no interest.

Save for the Suit, Spend on the Commute

The research suggests that while you could save up for a bespoke suit in 2.7 months and save yourself £36 in credit card interest, for a train ticket you might be better off paying on your credit card – as you’ll still have to travel while saving, and the costs of individual tickets is likely to be higher than the £8 you would save in credit card interest.

Can a New Coat Improve Your Credit Rating?

Buying a winter coat on a credit card can be a sensible choice as lower payments that can be paid off immediately, without any interest, will contribute positively to your credit rating.

Even at higher costs, holidays can be a smart choice for a credit card. Despite the average £2,417 spend accruing as much as £208 in interest and taking just over two more months to pay off than to save up, credit cards can provide security on payments, meaning you’re better protected against problems with flights and hotels.

Save for Season Ticket, Spend on the Trainers

More affordable equipment like a mountain bike or sports trainers can be paid off quickly and improve your credit score without accruing any interest, but for a football season ticket, which you can plan to buy well in advance, there’s no significant advantage to buying on card. Instead of paying the additional £27 in interest over three months, you’re better off spending the average £794 after saving up for 2.3 months.

Smarter Smart Phone Buying

A high-end smart phone like the iPhone could cost nearly £50 in interest on a credit card, making saving up the better option. But for a cheap laptop, it might be much lower interest of around £15 or less – and many retailers offer finance options for smart phones and laptops, making it sensible to research your shopping before you buy.

Split the Costs When Getting Together

Weddings are expensive events – so it makes sense to split up the cost as much as possible. Saving up for purchases like the dress and photography, and putting the cheaper payments such as cake and groom’s outfit on credit card, may be the best way to minimise interest payments. Using a card to cover the venue can be helpful as well, as this can protect you against any last minute problems.

Top Tips from MoneySuperMarket

While the study provides some details of smart ways to use your credit cards, some of the top tips include:

• Only make applications for credit cards you think will be accepted or for which you're pre-accepted.
• Use "credit builder credit cards" to improve your credit score.
• Use a cashback card if you're able to pay off your card consistently.

They're not called Zuckerbucks but Facebook just reinvented digital money. Facebook's Libra cryptocurrency that will launch early next year is more like PayPal than Bitcoin — it's designed to be easy enough for everyone to use. But it's still complicated to understand so I'm going to break it down for you nice and simple.

Oxford Economics recently published research titled “the big business of small business”, which states bank lending to SMEs has fallen 3% since 2015. This is in the face of a rise in credit provisions to large companies of 43%. The report states that SMEs are being given the ‘cold shoulder’ resulting in an impact on recovery against small businesses.

Sam Moore, Managing Director of Oxford Economics, says the findings of the research offer a “stark reminder” of “the uphill challenges which small businesses face when dealing with the traditional banking sector”. Although SMEs are responsible for half of all employment in industrialised countries and 50-60% of GDP, the focus of banks is still on loaning primarily to larger firms. A primary factor for this is the “lingering effect” of the financial crisis ten years ago, with the impact it had on the small business lending market still being prominent today.

Why is the merchant cash advance rising in popularity?

The way consumers access their money and choose financial products has changed drastically due to technology continuing to advance at an incredibly fast pace. Oxford Economics state that it is estimated a third of all digital consumers now use a form of FinTech (Financial technology). This ranges from apps which allow you to take a loan out, online banking or invest in stocks and shares, among other things.

Small businesses, due to the poor treatment they are receiving from banks, are also beginning to get on board with FinTech. As the financial services landscape changes due to a number of innovations within the sector, the reliance on traditional banks has fallen substantially in favour of a FinTech solution.

How does a merchant cash advance work?

A merchant cash advance - or MCA - is a form of alternative business finance for small firms and sole traders. Whereas traditional bank loans require borrowers to pay back a set amount of funds on set dates over time, a merchant cash advance – also known as a business cash advance – works on a rather different basis, with the amount repaid at any one time proportional to turnover. That’s because it’s a form of finance based on a company’s credit or debit card transactions.

Given the difficulty of obtaining a traditional bank loan for many businesses, it’s understandable that a great number turn to this innovative source of finance.

What advantages are there to a merchant cash advance?

There are many advantages to a merchant cash advance. For instance, during busier periods when a business is making more money, more of the MCA will automatically be paid back, compared to leaner times when it won’t pay so much. With an MCA, there’s also no need to worry about keeping a certain amount of money to one side to pay on a set date - it really is a flexible, scalable and manageable form of business finance

With high approval rates, approvals within as little as 24 hours, zero APR, no fixed term, no other hidden charges and no need to provide security or a business plan, merchant cash advances are becoming an ever-more invaluable part of many firms’ cash-flow management.

An MCA also frees you up to use another type of finance alongside it, such as a bank loan or equipment lease, in the knowledge that the MCA won’t imperil your entire financial future in the way that other loans can if you are unable to keep up with the repayments.

Given such wide-ranging advantages as the above, it’s no surprise that so many firms that may otherwise struggle to obtain finance – especially those in the leisure sector, such as bars, restaurants, clubs and shops – are increasingly deciding to use their future credit card receipts as a means of securing quick funding through an MCA.

If mobile payment apps became as popular in the US as they are in China, banks would lose a projected $43 billion in revenue annually. Bloomberg QuickTake explains how cheap and easy payments by phone are threatening one of the banking industry's most profitable businesses.

Decimal Day on 15 February 1971 replaced shillings with pounds and pence. Ireland went one step further when it announced in 1999 that it would swap pounds for euros and this came to fruition in 2002. While the UK remained adamant they wouldn’t join the euro, something else has eclipsed the possibility that we might exchange our sterling for something more continental – the fact that we might not deal with any money whatsoever. There are calls from some people to begin the process of foregoing cash and replacing it with digital payment methods instead. But, will society ever go cashless?

The Argument for a Cashless Society

Since contactless was introduced, almost two-thirds of people in the UK use contactless payments, while June 2018 saw cashless payments eclipse those who used traditional cash methods. Indeed, with the rise of Monzo, customers are encouraged to spend via their card to track what they are spending and where. This allows you to make better choices. Bus companies, such as First, have begun accepting contactless payments on their buses as well as payment via an app, which offers discounted fares. Even vending machines allow card payments, while traditionally cash-centric parking meters also offer you to pay through digital means that bypass cash methods. Many industries already use cashless methods. For example, when you play online slots at Magical Vegas, there are several digital payment options to choose from for depositing and withdrawing any winnings you make, which matches the modern technology used in the video slots. These include Paysafecard, Neteller, Skrill and Paypal as well as Visa and Mastercard.

Why Might Cashless Be Bad?

Of course, the issue with switching to contactless, smartphone payments or even just relying on chip and pin, is that there is a portion of the country who either have no access to this or wouldn’t feel comfortable using it. A fixed address is necessary for a bank account, so those who live without one would be left without the money they might otherwise be able to access. Without physical money, everything relies on big data to ensure our details and bank accounts correspond. With so much money in accessible accounts, crime that mines our personal financial data may increase, especially in the advent of a data breach, which isn’t beyond the realm of possibility. Anecdotally, many say they struggle to manage their finances when they don’t have the actual cash, claiming contactless makes it easier to overspend because the money is less tangible. One of the main concerns for a cashless society is the fact that we would be at the mercy of technology – and that something that might affect this, even a simple power cut, could leave us penniless.

Cashless society may seem futuristic, but we are already making some waves in that area. While there are enough cons to ensure that we will never fully go cashless, instead it will likely be made easier to opt out of using cash as a matter of personal preference.

During this time of financial uncertainty, many opt for emergency small term loans to cover the cost, however these are for financial emergency only and alternative funding will be needed. Here we are going to give you our top tips for saving money and avoid using your credit card.

Make A Shopping List

One of the main ways to avoid making payments on your contactless credit card is to have a shopping list and stick to it. In doing this, you can ensure that you have bought all the food that you need for the week at one time without spending large sums of money as a result. By having everything in the house that you could need, this reduces the need for you to travel to the shops and get tempted by a chocolate bar or other sweet treats that can be bought on impulse with your contactless card.

Avoid Fast Food

Although it may seem tempting to opt for fast food when you have had a long day in the office, it is important to avoid this temptation. One of the ways that you can do this is through making food the night before and freezing it. This not only helps you to maintain a healthy lifestyle, but it saves you money as a result. This is ideal particularly for students as this will allow them to save excess money and maintain a healthy diet.

Don’t Use Mobile Banking

Mobile banking is something that you should definitely avoid if you are looking to save money. This is because applications such as Google Pay, and Apple Pay make it easy for you to pay for items with a fingerprint or simple passkey. This will not aid you in saving money as this makes it to easy to overspend and end up buying items that you do not need. One way that you can get around this is through travelling to the bank to look at your finances or even restricting your online banking to one desktop.

Pay By Cash Not Card

When going out for a night on the town or on a shopping trip, it is very easy to opt for a contactless payment to purchase items quickly, but what about just taking cash? By taking cash with you and leaving your card at home, you restrict yourself to the amount of money that you can spend. This is particularly important if you are limited on funds as this allows you to budget accordingly and ensure that you do not overspend at any point. If an item is out of your budget at this time, you must then wait till next month to afford it.

Buy Your Own Lunch

Although this may seem like an extremely small transaction per day, purchasing lunch can actually amount to a large portion of your spending per month. In order to combat this and save yourself more money, begin packing your own lunch. This could save you an average of £5 per day which can amount to a large amount at the end of every month. This can then be saved and placed within a bank account for a financial emergency or a treat later in the year.

Whether you are looking to completely avoid using your card on a daily basis or you are looking to limit the amount that you are spending in general, you can be sure to find the solution that works for you by following one of these top tips.

Contactless, or “tap and go,” is an increasingly popular way to pay around the world. But in the U.S., only 3 percent of cards are contactless. Why?

A destination known to be popular with the rich and famous, the Kardashians love going there, it’s a destination that’s been gaining popularity over the last few years. In fact, the number of annual international overnight visitors almost doubled in six years. This saw the number climb from around 8.5 million in 2010 to just under 15.3 million in 2016. That’s a lot of people.

If you’re thinking of holidaying there, and you haven’t been before, then there are a few things that you need to know before visiting Dubai. Below, we’ve listed four things you should keep in mind, which you’ve probably not even considered.

1. Smoking

While smoking in the UK has decreased over the last decade or two, it’s still quite commonplace in many other countries. However, when it comes to e-cigs and e-liquid devices, it’ll probably be best to leave yours at home while visiting Dubai. You may be wondering why, but it’s actually illegal to sell them in the UAE. But, while there isn’t a law that prohibits the use of them, some say the lines can be a bit blurred. This is due to some wondering if they could still encounter a fine if using them in a place that allows smoking. Therefore, it’s probably best to leave yours at home.

2. Clothing

While the country is known for being extremely hot, please remember that you’re in a more conservative country. Because of this, you should ensure that you keep your holiday wardrobe more on the conservative side too. This means that when packing you should make sure that you pack long-sleeves and full-length trousers, as well as your swimwear that’ll no doubt come in handy at your resort. It’ll also be worth talking to the staff at your hotel about what you can wear depending on where you’re going, if you want to be 100% sure.

3. Cash

Although we’ve become accustomed to a contactless society, this isn’t the case in Dubai. In fact, cash is still very much king when it comes to transactions. Therefore, make sure you get enough cash to take away with you before leaving for your holiday (the currency here is Dirham). However, many places will accept credit cards, but it’s always better to be prepared for any eventuality.

4. Kissing

As mentioned above, Dubai is a much more conservative country than the UK. Because of this, public kissing is a bit of a no-no. Therefore, public displays of affection in restaurants, on the beach, in nightclubs, on the street and in taxis are best avoided, as you could find yourself getting into a lot of trouble.

The study, which looks at cash and cashless technology usage in four markets—the UK, Australia, Brazil, and South Africa—shows that a cashless society may not be a realistic ambition. In fact, the survey revealed an “immovable” 24% of consumers who will never abandon cash—no matter what technological advance or leap forward is available to them.

In Brazil and South Africa, where cash use is more common, there is a strong desire for wider acceptance of cashless technologies such as payment cards and digital wallets. In both markets, 60% say that they are worried about having cash stolen from them which suggests fear of theft is a key driver rather than convenience.

In the UK and Australia, however, where the use of cashless technologies is more widespread, people are happier with their use of cash. Around 80% of people in both markets say that they are comfortable using cash.

Respondents across all countries saw cash as part of their day-to-day lives. They carry cash at all times, replenishing their wallets and purses regularly at ATMs, and are unwilling to go that last extra mile and never use cash again.

The findings suggest that cashless technologies will not replace cash completely; instead people are happier with an equilibrium between the two.

“While the proliferation of cashless payment technologies has generally led to a reduction in cash usage across developed economies, banknotes have unique properties that consumers value, such as security against fraud,” said Michael Batley, Head of Strategy, Travelex. “As long as this is the case it’s unlikely that any attempts to abandon cash completely will succeed. Even Sweden’s bid to go cashless, touted as a successful model, has seen pushback. Ultimately, only consumer demand will drive the change towards a truly cashless society and our research indicates this is further away than many realise.”

As well as revealing a lack of appetite for a cashless society, the study also reveals that opinion is split on whether it is even possible. The UK, the most ‘cashless’ country surveyed, represented the highest proportion (47%) of respondents that do not see an end to cash, closely followed by Australia (42%).

Travelex commissioned Sapio Research to survey 1,000 consumers regarding their attitudes to cash and cashless technology across four markets: the UK, Australia, Brazil and South Africa. These four countries are at different points in the “journey towards cashlessness”, as defined by Mastercard’s Measuring progress toward a cashless society report, and together give a representative overview.

(Source: Travelex)