Travelex has signed a five year commercial agreement with the Panasonic Toyota Racing team as it gears up for its first Grand Prix.
As part of the deal, Travelex will be supplying a wide range of foreign exchange services to Toyota Motorsport, including assisting the Toyota F1 team in managing its global currency payments. Toyota and Travelex will also be discussing opportunities for Travelex to provide services to other Toyota group companies globally.
The Travelex logo will be displayed on the Panasonic Toyota Racing's TF102 car, appearing on the TF102 for the first time during the opening practice session of the team's first Grand Prix in Australia on Friday 1st March.
Travelex Chairman & CEO Lloyd Dorfman said: "I am delighted that Travelex is part of the Panasonic Toyota Racing team for the 2002 Formula One season. Toyota, Panasonic, Formula One and Travelex are leading brands in each of their respective markets and I believe that through this global association, we will be creating a winning partnership. I look forward to the team's dynamic growth in what is one of the world's most exciting sports."
