GERMANY. Coindrum has installed a self-service currency exchange unit at Munich Memmingen Airport. It is the company’s second installation in Germany, following its previously announced project with Heinemann at Berlin Schönefeld.

The Coindrum kiosks allow passengers to deposit leftover coins before departure and receive a duty free shopping voucher worth 10% more than the deposited coins.

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Elegant solution: Coindrum CEO Lukas Decker (left) with Munich Memmingen Airport Head of Non-Aviation Andreas Loritz

The Coindrum unit in Munich Memmingen is located at the entrance to the walk-through duty free store. The airport’s Head of Non-Aviation Andreas Loritz commented: “We welcome the new partnership with Coindrum and are delighted to offer our passengers a great new convenience service combined with extra value to spend on our product range.”

Coindrum CEO Lukas Decker stated: “Airports, passengers and retailers all stand to benefit by the Coindrum solution and our growth trajectory is testament to the win-win value proposition we create. Our expansion will further accelerate in the coming months.”

Coindrum’s shareholders include Declan Ryan, co-founder and ex CEO of Ryanair; the Irish Government; and other leading European investors including the founders of Hostelworld and CarTrawler.

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