TravelersBox, the first and only solution where travelers can convert leftover foreign currency into usable digital currency, today announced that travelers can now use TravelersBox kiosks located in international airport terminals to deposit leftover coins and bills into their Yandex.Money eWallets, the largest electronic payment service in Russia.
TravelersBox solves 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. In response, TravelersBox developed a deposit device using innovative technology and an intelligent financial process to enable the very complex transaction of processing physical currency of one country into digital currency for another. Travelers can use TravelersBox kiosks located in airports throughout the world to deposit their leftover foreign coins and bills, directly into online accounts including PayPal and now Yandex, gift cards (iTunes, Starbucks, Skype, Gap, and more), or to make a charitable donation before leaving a country.
“Our mission is to provide an easy way for travelers to regain the lost value of their unused foreign currency,” said Tomer Zussman, founder and CEO of TravelersBox. “By partnering with Yandex.Money, Russia’s most widely used payment service, we give our customers even more flexibility via the option to use one of the world’s most popular services.”
“Yandex.Money hosts 20 million user accounts with about 12,000 new accounts opened daily and has 170,000 cash-acceptance points all over Russia and CIS countries. Thanks to TravelersBox, Yandex.Money account holders now have opportunity to exchange their currency leftovers to their e-wallets when travelling overseas to London, Istanbul, Tbilisi, Rome and other worldwide cities,” said Anna Kuzmina, deputy chief commercial officer at Yandex.Money.
TravelersBox currently operates airport kiosks in Italy, the United Kingdom, Turkey, and Georgia, and will soon launch in the Philippines, Brazil, and India. In each country the machines accept the local currency and other popular currencies in the area. A complete list of airports with TravelersBox kiosks can be found at www.travelersbox.com/#map.
TravelersBox is a leading provider of offline-to-online currency services that allow travelers to convert leftover foreign change and bills into usable digital currency through easy to use kiosks. At kiosks located in airports throughout the world, the small change from a trip can be deposited into a PayPal account, turned into gift cards for retailers including iTunes, eBay, Gap, Old Navy, or used to make charitable donations. TravelersBox has developed an innovative technology platform that turns the complex transactions required to convert numerous international currencies into e-wallets deposits and gift cards into a simple user experience, delivering the perfect solution for travelers who want to use their leftover change wisely. TravelersBox is a venture backed, privately held company headquartered in Kadima, Israel. For more information, visit www.travelersbox.com.
Yandex.Money is the largest electronic payment service in Russia, according to a 2014 survey by TNS. Yandex.Money offers consumers easy, safe, and reliable methods of paying online on its own site and mobile app. The service hosts 22 million user accounts with about 12,000 new accounts opened daily. Yandex.Money also offers online stores Yandex Payment Solution for accepting online payments by all the methods most popular among residents of Russia and other CIS countries. Currently, over 76,000 online stores use Yandex Payment Solution. Yandex.Money is a division of Yandex (NASDAQ: YNDX), one of the largest European internet companies and the leading search provider in Russia
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