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New five-year contract supports Travelex's ambitious global growth strategy
Travelex, the world’s leading foreign exchange specialist, has been appointed as one of the foreign exchange providers at the new Muscat International Airport, which is expected to open in October 2017. The five year contract for four stores will enable Travelex to serve the up to 12 million travellers using the significantly larger, state-of-the-art terminal.
Stephen O’Donovan, Chief Commercial Officer at Travelex comments: “We’re proud to have a presence in Oman and excited to support the continued growth in this region. Oman represents a gateway to the Middle East, which is an important region for Travelex’s global strategy and long term profitable growth.”
Travelex has been serving customers in Oman for 12 years in the existing airport. Over this time, Travelex has developed a strong understanding of the local market.
Rishi Khimji, Managing Director, Ajit Khimji Group said: “In Oman our partnership with Travelex is over a decade old and is built on shared values of Trust, Excellence and Customer Service. It is a matter of great pride that Travelex will operate at the new Muscat International Airport and continue to delight its customers.”
Mr. Samer Al Nabhani, General Manager of Commercial Operations, Oman Airports Management Company said: “This new agreement reflects the strong relationship between Travelex and the Oman Airports Management Company. We awarded the foreign exchange business to two companies for the next five years. Having worked with Travelex at the current airport, we have experienced its proven track record in customer service, offering competitive exchange rates for the travellers as well as reliable support.
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About Travelex
Founded in 1976, Travelex is a market leading independent foreign exchange specialist, with a presence in 30 countries. The business covers the entire value chain of the retail foreign exchange industry. The Travelex Group has built a growing online and mobile foreign exchange platform, across 23 countries, and developed a network of over 1,000 ATMs and over 1,200 stores at both on-airport and off-airport locations around the world. It also processes and delivers foreign currency orders for major banks, as well as for travel agencies, supermarkets, hotels and casinos. In addition, the Group sources and distributes large quantities of foreign currency banknotes for customers including central banks and international financial institutions. The Group is also active in the remittances and international payments space.
© Press Release 2017
