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Monday, 10 December, 2018, 11 : 15 AM [IST]

EbixCash World Money starts its foreign exchange services at Kannur International Airport

EbixCash World Money, one of the leading foreign exchange service providers in India, inaugurated its foreign exchange services at Kannur International Airport in the state of Kerala, yesterday. The company will offer passengers flying in & out of the city, foreign exchange at competitive rates, along with a host of other products such as travellers cheques, multi-currency prepaid cards and travel insurance. 

The EbixCash WorldMoney Forex services were inaugurated in the presence of Suresh Prabhu, Union Minister of Civil Aviation; Pinaryi Vijayan, CM, Kerala; Jayant Sinha, Minister of State for Civil Aviation; Guruprasad Mohapatra, MD, Kannur International Airport Limited and other dignitaries were also present on the occasion.

Commenting on the launch, T C Guruprasad, MD, EbixCash WorldMoney, said, “Kannur is a fast-growing business and tourism destination with Wayanad and Coorg being in close proximity. Besides being the district headquarters, it offers a mix of beaches, forts and museums. A large number of international flights also offer direct connectivity from Middle East destinations such as Abu Dhabi, Sharjah, Muscat, Riyadh, Doha and Kuwait, making it a strategic location for us to offer our forex and travel services. We currently have 6 branches and 9 airport forex counters in the state of Kerala.”

Kannur Airport Forex Services contract marks another win for EbixCash WorldMoney. With a turnover of approximately INR 15,000 crores (approximately USD 1.8 Billion), EbixCash WorldMoney Forex Exchange has an approximate 70% market share of India’s airport foreign exchange business encompassing 25 international airports like Delhi, Mumbai, Bangalore, Chennai and Kolkata, while conducting over 1 million transactions per annum. The EbixCash WorldMoney Exchange also has a 15% market share in India’s fast growing $1.5 billion education outward remittance business.

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