Business


Travelex gears up to offer unique money transfer products in the region


Graham Flannery. Supplied picture

Muscat: Travelex, the world's leading foreign exchange specialist, is set to offer cash-to-bank and cash-to-cash money transfer service in Oman and other Gulf Cooperation Council (GCC) countries.

Speaking to Times Business, Graham Flannery,  director,  business development (Europe, Middle East & North Africa) at Travelex, said, "We began our Oman operations  with a store at the airport and have been doing very well, and in the last four years we have started to look  more into remittance business in the country and have now identified remittance business as a growth area  for us. Remittances are a hugely important part of our business so we are committed to offering our customers a market leading service."

"We are in the process of actually offering new services like cash-to-cash products and cash-to-account services for Omani market and are keen to roll out more stores in a drive to expand our presence. And would like to add three stores a year. You can expect some big expansion here in terms of offering more products and opening more stores in the coming months," he added.

Currently Travelex Oman has seven stores and almost a decade of presence in Oman.

Flannery, who is responsible for new country business development in Europe & Mena region, said, "We have set a target and expect double digit growth for in Oman.  We hope to achieve that considering the quality service we offer to our customers. Recently, we opened our 51st store in the GCC and that augers well for GCC citizens for faster and efficient remittances."

Talking about the inaugural Travelex Oman Tourism Ambassador Awards he said, "Oman is the first country we are introducing these awards. I rate Oman highly on the tourism front and this is the most beautiful country in the GCC, people are very friendly and quality of hotels and resorts are of very high standards and because of their service they are able to attract customers. So, Oman fits into these wards perfectly."

"Government is addressing many of the concerns relating to the tourism industry, spending a lot of money in constructing roads and building a new airport which will complement all the investments that is going into hotels. Also, there is more exposure in the recent times in the overseas market and am delighted to know that Oman is advertised in London's underground railways," he added.

He said that exciting new tourism ambassador awards that reward individuals and businesses for outstanding achievements in the promotion of tourism in Oman providing prizes for those who are often the "unsung" heroes of the Omani tourism industry and have gone above and beyond in delivering first class service and tourism products.

He added, 'Tourism is key objective in terms of growth for the government and we are in foreign exchange business, so by default we are also in the travel business and have presence in over 100 international airports.  We felt it is time we wanted to recognise some of the unsung heroes in the travel industry in Oman. There are lot of people who are contributing to the development of tourism but they are not recognised and we wanted to do our bit by honouring them."

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