Cox Kings opens its first dedicated Forex Store in Goa
Travel group Cox & Kings Ltd. has opened its first dedicated Foreign Exchange branch at Panjim in Goa. Ravi Menon, Head, Foreign Exchange, Cox & Kings Ltd inaugurated the branch that has been designed as a one-stop-shop for all foreign exchange requirements.The flagship store would offer a slew of products like buying and selling of all frequently traded foreign currencies, sell pre-paid cards, enable Money Transfer business where tourists can receive money from overseas, as well as provide domestic money transfer facilities. Students who wish to travel overseas from Goa for further studies can avail Foreign Currency Draft and Outward Remittance facilities through this outlet.According to Menon, “Goa is a key market as it receives a large number of foreign tourists. Our bouquet of foreign exchange products and services are designed to cater to this segment. Our branch will cater to all the requirements which are allowed under Authorised Dealer CAT II activities.”As per data released by the state government in 2015, Goa received 5.40 lakh international tourists, an increase of 5% over 2014. This year the state is expected to attract even more tourists especially from traditional markets such as USA, UK, France, Germany and Russia.