Passengers at Toronto Pearson can now convert leftover foreign currency into usable digital currency.
An agreement signed between the airport and TravelersBox will see ten kiosks installed throughout the Canadian airport by Christmas Eve 2015.
The kiosks allow passengers to deposit foreign currency in a PayPal account, make a donation to a number of different charities or to buy an e-gift card for websites and online services.
The TravelersBox kiosks solve 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.
The kiosks use proprietary technology and an intelligent financial process to facilitate the process of converting physical currency of one country into digital currency for another.
In each country the machines accept the local currency and other popular currencies in the area.
TravelersBox currently operates airport kiosks in Italy, Turkey, Georgia, Israel and The Philippines.
Tomer Zussman, founder and CEO of TravelersBox:
“Our most active and loyal users have been Americans and Canadians, who deposit an average of over $25 per transaction through our kiosks on other continents. We’re excited to be able to provide this service to our dedicated customers and to all travelers from around the world.”
Michael Ross, Director, Commercial Development and Passenger Communications, Toronto Pearson International Airport:
“Toronto Pearson is a leading international hub and we are pleased to provide this convenience for travelers. Unique services like those provided by TravelersBox improve our passenger’s experience and provide an option to conveniently turn their spare change into valuable gift cards or to support the Propeller Project, Toronto Pearson’s community investment program.”
N.B. Image credit: travelersbox.com