Location: Home > Press Releases 2013 > OKI Delivers RG7 Currency Exchanger to Travelex, the World's Leading Foreign Exchange Solutions Provider


Press Releases

OKI Delivers RG7 Currency Exchanger to Travelex, the World's Leading Foreign Exchange Solutions Provider

Single unit efficiently and automatically handles banknotes in multiple currencies


RG7 Currency Exchanger (for Travelex)

TOKYO, January 24, 2013 -- OKI (TOKYO:6703) today announced the delivery to Travelex Japan, one of the largest stores specializing in currency exchange, of its RG7 Currency Exchanger, a currency exchange machine capable of simultaneously recycling deposits and withdrawals between Japanese yen and multiple foreign currencies. Travelex plans to start operations early February. OKI anticipates sales of more than 100 units to Travelex Japan over the next three years.

Travelex Japan was established in March 2003 as part of the Travelex Group, which operates a network of 1,100 locations at international airports and major cities in more than 25 countries. The company currently operates more than 70 stores in Japan, with more to come. To make it faster and more convenient to exchange currency and thereby attract more customers, Travelex Japan had explored the idea of introducing an automated currency exchange machine that quickly and conveniently exchanges multiple currencies and denominations without requiring customers to queue up at currency exchange counters.

Currency exchange counters serve individuals with diverse needs, including customers who are in no particular rush and require a clerk to provide information on amounts and denominations and customers who simply want the fastest transaction possible. Conventional manned exchange counters often lose business opportunities with the latter group.

By giving customers a choice between immediate service and consultations with clerks, the RG7 Currency Exchanger responds to this range of customer needs, boosting customer convenience and adding to sales leads by capturing opportunities that would otherwise be lost. The device also accelerates the pace of transactions and reduces errors attributable to manual operations.

By introducing the RG7 Currency Exchanger to Travelex Japan, OKI is automating exchange tasks that used to be handled manually. This enhances customer service and accelerates the pace of foreign currency exchange transactions. Beyond this proposal, Travelex Japan has given high marks to the fast-selling ATM-Recycler G7, the developmental basis for the RG7 Currency Exchanger, as well as the reliability provided by OKI in the Japanese ATM market.

Moving forward, in addition to future sales of the RG7 Currency Exchange to Travelex Japan, OKI plans to expand sales of its RG7 Currency Exchanger to the Travelex Group's overseas locations.

About the RG7 Currency Exchanger

The RG7 Currency Exchanger is an integrated currency exchange machine capable of recycling deposits and withdrawals in multiple currencies bilaterally (i.e., Japanese yen into foreign currency and vice versa). Developed on the basis of the ATM-Recycler G7, a machine capable of handling deposits and withdrawals in multiple currencies, the RG7 Currency Exchanger is also capable of simultaneously handling deposits and withdrawals of mixed banknotes with differing attributes, including size, thickness, and materials, for up to 128 denominations. Users can deposit banknotes in multiple currencies in a single transaction and choose the denomination of the target currency.

About Travelex Japan

Company
Travelex Japan K.K.
Address
6F, ORIX Akasaka 2 Chome Building, 2-9-11 Akasaka, Minato-ku, Tokyo
President
Koji Nakajima
Business
Foreign currency exchange and related services; sales and issue of prepaid cards (Cash Passport™).
URL
http://www.travelex.co.jp/JP/Home/

About OKI Electric Industry (OKI)

Founded in 1881, OKI Electric Industry is Japan's leading telecommunications manufacturer in the info-telecom field. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its info-telecom systems and printer operations. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at http://www.oki.com/.

  • The names of the companies and products mentioned in this document are the trademarks or registered trademarks of the respective companies and organizations.
Press Contact:
Public Relations Division
Phone: +81-3-3501-3835
  • * Information in the press releases is current on the date of the press announcement, but is subject to change without prior notice.

Top of this page