Which company launched the first travelers cheques in 1891?
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2 Answers
The company that launched the first travelers cheques in 1891 was the American Express Company. American Express introduced its travelers cheques as a way for customers to conveniently carry money while traveling without the risk of theft. The cheques were accepted at over a million locations worldwide and were an immediate success.
The American Express Company launched the first traveler's cheques in 1891. These cheques were initially issued in denominations of $10, $20, $50, and $100 and were an innovative way to provide travelers with a secure and convenient form of payment that they could use around the world. The cheques were originally developed as a response to a growing need for a more secure and reliable means of carrying money while traveling, and they quickly became popular among travelers of all kinds.