TravelersBox is adding automatic kiosks to airports that facilitate quick and seamless transfer of currency while traveling

Rather than hauling 362 Belizean dollars back from your adventure in Caye Caulker, startup TravelersBox looks to offer something a bit more useful in your native country in exchange for some of that foreign coinage of yours. The company’s conveniently located airport kiosks can convert leftovers from your trip to iTunes credits, Starbucks vouches or even digital currency via PayPal. And while domestic flights in the United States and a good chunk of Europe don’t pose much of a problem in terms of spending freedom, journeying throughout Asia is another story altogether. With the many differing banknotes present in the region, TravelersBox has set its sights on the Asian market as a means of growth and plying its trade.

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According to TavelersBox’s CEO Tomer Zussman, roughly 70 percent of worldwide travel expenses occur in Asia. China alone saw 120million citizens travelling overseas in 2016. As such, the company’s kiosks offer reimbursement through some of the country’s common e-payment services – Baidu Wallet and WeChat – with support for the nation’s largest online payment platform Alipay having been announced for some time in the near future.

The company makes its money by taking a seven percent fee while facilitating the cash swap, which Zussman mentions is still cheaper than the fees associated with licensed currency exchanges at the airport. Additionally, there’s no minimum sum required to take advantage of the conversion, so users can swap peanuts regardless if they’re Korean or Vietnamese.

As of right now, the company has stations in airports in Canada, Turkey, Israel, Italy, Georgia, Japan and the Philippines. Plans to install further kiosks in Hong Kong, India, Australia, Indonesia and Malaysia will soon take effect.

TravelersBox

Rather than hauling 362 Belizean dollars back from your adventure in Caye Caulker, startup TravelersBox looks to offer something a bit more useful in your native country in exchange for some of that foreign coinage of yours. The company’s conveniently located airport kiosks can convert leftovers from your trip to iTunes credits, Starbucks vouches or even digital currency via PayPal. And while domestic flights in the United States and a good chunk of Europe don’t pose much of a problem in terms of spending freedom, journeying throughout Asia is another story altogether. With the many differing banknotes present in the region, TravelersBox has set its sights on the Asian market as a means of growth and plying its trade.