MANAMA: Relatively lower turnout of passengers at the Bahrain International Airport (BIA) in 2013 has impacted the money exchange business, according to a senior official at Travelex USA.
“Overall business is doing fine with Travelex having presence in 27 countries and 1500 outlets worldwide, making one of the committed money changers globally,” Annie Jensen, Global Head of Marketing Travelex USA told The24X7News (www.twentyfoursevennews.com).
“We are opening 29th outlet in Bahrain and Middle East is very promising region for Travelex and we hope in 2014 the passenger turnout will be better,” she added.
Travelex marked its 10th anniversary in Bahrain by opening its 29th store in the Kingdom of Bahrain.
“Travelex is celebrating the opening of its 29th store in the Kingdom which also coincides with the 10th Anniversary in Bahrain,” Travelex in a statement said.
The opening comes as Travelex builds momentum against its growth strategy, for which the Middle East plays an integral part.
“The Middle East region has continued to provide outstanding results for Travelex as we build our regional footprint in the market. It is a region in which we expect to see a significant growth of remittance and foreign exchange,” Errol Fonseca, Head of Retail, Middle East India and Africa, said.
“We have a very clear growth strategy for the region and are investing heavily here through new stores, new products and services, increasing the channels through which our customers can interact with us as well as looking for new market opportunities, having recently entered Qatar in 2013.”
The store at Budaiya provides access to more than 30 foreign currencies, Travelex Money Transfer (TMT), Western Union, Buy Back Guarantee as well as collection for online pre-orders from Travelex.bh. Travellers from Bahrain can now order their travel money online, commission-free, following the launch of the country’s first website for online currency orders.
Designed to help customers save time and money before travelling abroad, Travelex.bh allows customers to order from 34 foreign currencies online, backed by Travelex’s Best Price Guarantee. This ensures they get their travel money at Travelex’s best rate, commission-free. Travelex helps user to save money when they transact using offers specially made to being the customers.
Ordering online is quick and easy and orders can be available for collection as soon as the very next day at any of Travelex’s 29 stores in Bahrain International Airport and across and across Bahrain.