TravelersBox enables travelers to convert leftover foreign change into usable digital currency; Company plans 16 kiosks in Manila International Airport.
KADIMA, ISRAEL – TravelersBox, the solution allowing travelers to convert leftover foreign currency into usable digital currency, announced an expansion of the TravelersBox service to Manila International Airport in the Philippines.
The addition of the Philippines’ largest airport expands the availability of TravelersBox to millions more travelers. With 32.8 million passengers in 2013, Manila International Airport, also known as Ninoy Aquino International Airport, is one of the world’s busiest airports and the international gateway for travelers entering and departing the Philippines.
“We’re thrilled to add an airport on the scale of Manila International which opens a huge market for us,” said Tomer Zussman, founder and CEO of TravelersBox. “Additionally, with the Philippines becoming a travel hotspot and the popularity of digital payment services in the country, our expansion there just made sense.”
TravelersBox solves a common problem facing anyone traveling abroad: local currency accumulated during the visit usually ends up left in a drawer and forgotten, with significant lost value accruing over more travel. In response, TravelersBox developed a deposit device using innovative technology and an intelligent financial process to enable the very complex transaction of processing physical currency of one country into digital currency for another. Travelers can use TravelersBox kiosks located in airports throughout the world to deposit their leftover foreign coins and bills directly into online accounts including PayPal, Yandex, gift cards (iTunes, Starbucks, Skype, Gap, and more); or to make a charitable donation before leaving a country.
TravelersBox currently operates airport kiosks in Italy, Turkey, Georgia and the Philippines, and will soon launch in Brazil and India. In each country the machines accept the local currency and other popular currencies in the area.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
