CAMBODIA. Foreign exchange specialist Global Exchange has won a five-year contract to manage currency services at Phnom Penh, Siem Reap and Sihanouk international airports in Cambodia. The business was previously run by local banks at these locations.

The new concession is the company’s second in Asia (after Hong Kong International) and will mark the opening of its 23rd market worldwide. Global Exchange said its investment will be US$1.15 million and that it will employ 80 people, 70 in customer-facing roles.

Phnom Penh and Siem Reap are the two largest Cambodian airports, each handling around 4.2 million travellers a year. The smaller Sihanoukville Airport mainly serves the growing tourism industry in the country’s southeast.

Spain-based Global Exchange has a network of more than 310 branches in 57 international airports.

The Cambodian contract gives Global Exchange entry to its second market in Asia, after Hong Kong (Hong Kong International pictured).

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