Foshan Daily 2017-05-09
Foreign currency exchange stores on street provide a new channel for residents and visitors to exchange foreign currency. (Foshan Daily/ Lin Xiaoping)
When mentioning foreign currency exchange, many people are impressed by foreign currency exchange stores in Hong Kong and Southeast Asian countries. These stores are everywhere, 24-hour and convenient, thus attracting many customers. Recently, the “foreign currency exchange street store” appears in Foshan for the first time.
The newly opened store is the Foshan branch of Beijing United Money Exchange Co Ltd, which locates in the Nova Shopping Mall, Zumiao Road, Chancheng District. It is the first operation store with foreign currency exchange franchise in Foshan.
In the past, the common ways for Foshan residents to exchange foreign currency are to exchange in local banks, airports, hotels, exchange points and ATM. Bu Tian who is in charge of the south area of United Money thought that this store is more convenient compared with banks, “People need to make appointments in advance if they exchange foreign currency in banks. The banks offer about 20 kinds of currency while we offer 35 types. And our opening time is longer.”
According to statistics from State Administration of Foreign Exchange, till 2016, there are 8 personal currency exchange organizations with franchise. The United Money that sets up store in Zumiao is one of them.
So far, the store mainly offers two kinds of service, currency exchange service for local residents and foreign visitors and agency service of “overseas shopping, tax refund back home”. Bu Tian introduced that Foshan is one of the second batch of Guangdong cities with personal currency exchange franchise organizations following Guangzhou and Shenzhen.
United Money expressed that the Internet mode exchange platform of “pay and appoint online, withdraw money offline” is a pilot project in first-tier cities and will be promoted in Foshan this year. The monthly exchange amount of five stores set up in Guangzhou by this organization have reached tens of millions of yuan.