ChangeGroup, a foreign currency and financial services provider, is to be the exclusive operator of currency exchange branches at London/Gatwick Airport.
The deal will see ChangeGroup invest a figure of around £2m into the airport and create 200 additional jobs. Under the terms of the five-year contract, ChangeGroup will operate all currency exchange branches and ATMs in both the North and South terminals, a total of 15 currency exchange branches and 70 ATMs.
ChangeGroup’s investment in the venture will see a rebrand of each store, featuring top-of-the-range LED signage to improve the look and feel of the branches, engage customers and improve their airport experience.
A range of premium services including fast travel cash, international bank transfers, and buyback cover will be offered, along with concessionaire banking to support other operators within the airport.
Over 50 members of staff have already been hired, with ChangeGroup hoping to employ a further 150 people before the end of the year.
Sasha Zackariya, CEO and co-founder of ChangeGroup International, said: “Becoming the exclusive operator of all currency exchange branches in one of the biggest airports in the UK is certainly something we’re very proud of. Gatwick has a reputation for investing in its airport space, enhancing customer experiences and genuinely caring about its passengers. We are excited to be working at this outstanding travel hub.”
