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Travelex is to create up to 100 new jobs, as part of a new £25m fund being launched in London to invest in start-ups.
Travelex is to sell its global payments division to Western Union of the US for £606m, and some of the proceeds will be used to expand its consumer foreign exchange business.
Travelex has sold its Peterborough-based prepaid cards programme management division to MasterCard for £290m, with the transfer of 300 staff.
Travelex is planning to open bureau de change kiosks in 100 Sainsbury's stores by the end of 2009.
Travelex has acquired the banknotes and travellers cheques business of Brown Shipley for undisclosed terms.
Travelex, the foreign exchange group with 670 branches worldwide, is to be sold to Apax Partners for £690m.
Travelex is to acquire GWK, the Dutch operator of 50 bank branches, from Fortis for £12m.
Travelex is to acquire Camrail, the Belgian foreign exchange and money transfer company, for £2.5m.
Travelex is planning to expand its foreign exchange business into India, starting with two offices in Mumbai.
Travelex is seeking acquisitions to expand its foreign exchange business in North America and Asia, having raised £66m from the sale of its 49% stake in a joint venture with US-based MoneyGram.
Travelex is planning to set up a money transfer service in the US to enable immigrant workers from Latin America to send their wages home.
Travelex has acquired Thomas Cook's financial services division for £440m, in order to expand its foreign exchange business with an additional 300 retail outlets.