It operated bureau de change sites and traditional foreign exchange retailer, delivering services for individuals at locations in central London, competing with the local banks.

[9] In December 2006 the Royal Bank of Scotland (RBS) Special Opportunities Fund became a significant shareholder in the Group, as it purchased a stake from the Shlewet Family Trust, the company's former owners,[10] becoming the sole institutional investor in the Group, with a total shareholding of 99.9% in November 2011.

[12][13] In 2014, it expanded internationally, obtaining money service business licences across Spain, Romania, and the United States.

[16] In November 2019, Moneycorp became the first of two non-U.S. bank members of the United States Federal Reserve's Foreign Bank International Cash Services (FBICS) program, providing Moneycorp direct access to Federal Reserve U.S. dollar currency services.

Through Moneycorp FIG, the company has built a customer base of financial institutions including commercial and central banks.