Prosegur Forex begins foreign exchange operations in Singapore and New Zealand

The company will operate in 17 countries and 20 airports 19 Jul. () –

Prosegur Forex, a foreign exchange subsidiary of Prosegur Cash, has started offering currency exchange services at Singapore Changi International Airport, considered the best airport in Asia in 2023, with more than 68 million passengers per year, connecting Singapore with 154 cities in 49 countries around the world through 93 airlines, and the second best in the world in 2024, according to awards given by Skytrax.

In a statement, the company reports that Prosegur Forex branches offer foreign currency exchange in more than 50 currencies, while multi-currency ATMs can dispense up to three major currencies.

At Changi International Airport, the company’s branch offering includes exchange of up to 80 currencies, along with a wide range of premium services such as travel cash, international bank transfers and buyback coverage, as well as concessionaire banking services to support other airport operators.

The company has reported that Prosegur Forex sales agents are available to travellers 24 hours a day to offer them a first-class specialised service and to help them with any queries.

With the opening of 18 new branches spread across the four terminals of Changi International Airport, Prosegur Forex now has up to 200 foreign exchange branches worldwide, and plans to increase the number throughout 2024.

In addition, the expansion of its operations in the Asia-Pacific country will generate the creation of more than one hundred jobs. A growth rate that positions the business as an important network of offices in areas of high tourist influx in countries such as Spain, Germany, the United Kingdom and Australia, as reported by Prosegur.

Ignacio Cea, Global Director of New Business at Prosegur Cash, says that this initiative represents “a significant step towards financial inclusion and demonstrates Prosegur Cash’s commitment to developing innovative solutions that not only respond to current market needs, but also respect the environment and promote sustainability.”

CONSOLIDATES ITS LEADERSHIP IN 2024

Cea also supports the positive scenario that Prosegur Forex has acquired this year, with the opening of its currency exchange services at Wellington International Airport, the second largest and busiest airport in New Zealand.

“We are delighted to begin operating with Prosegur Forex in a region that has faced major challenges in recent years and is rapidly recovering. In addition, both operations reinforce the development of our New Products area, a fundamental element of our company’s transformation and diversification strategy.”

At Wellington International Airport, the company has three branches, operational since February 2024, offering foreign exchange in more than 50 currencies and has also created a dozen jobs.

With the start of its activity in Singapore and New Zealand, Prosegur Forex now operates in 19 countries and major international airports, demonstrating its leadership in the cash management and financial services sector, its ongoing commitment to innovation, security and social responsibility, designing solutions that make a significant difference in people’s lives.