CIMB eyes 30% growth in BdC transactions, turnover
, Is eyeing 30% growth this year for both transactions done and turnover for its Bureau de Change (BdC) currency exchange business, driven by more collaborations and the opening of more BdC outlets.“Last year, our BdC business recorded more than one million transactions and over RM1.5bil in turnover,” said CIMB Bank retail financial services deputy head Abdul Karim Md Lassim after the bank signed a memorandum of understanding (MoU) with the Malaysian Association of Tour and Travel Agents (MATTA) yesterday.
The MoU will see and MATTA join hands and provide foreign currency exchange for travellers, of which travel agents registered with MATTA can sign up and become CIMB-authorised agents in providing foreign currency exchange services to their customers.
“The new Pick and Pack Currency Service is a new innovative service created by our retail foreign exchange team, and we hope to bring the local tour and travel business up to another level, and also provide extra revenue streams for these travel agents,” he said.
CIMB Bank Deputy Head of Retail Financial Services Abdul Karim Md Lassim exchanging documents with Malaysian Associations of Tour & Travel Agents (MATTA) Datuk Mohd Khalid Harun after the signing ceremony between CIMB Bank and MATTA yesterday. Looking on are (extreme left) CIMB Bank Bhd Retail Financial Services Head of Retail Forex Victor Jee and (extreme right) MATTA Deputy President John Tan.Karim added the service is designed for travel agents to be a one-stop tour and travel centre in providing a convenient, hassle-free and secured delivery service to fulfill their customers' travelling needs.
He said the bank planned to increase the market share of its BdC operations by 5% to 10% this year, adding that the MATTA collaboration would definitely give its BdC operations a slight boost.
“We are also looking forward to add 17 more BdC outlets to the current 42 branches at strategic locations across the country,” he said.
Travellers using the services would be able to exchange foreign currencies from 29 currencies available at travel agencies or have the option to pick up the foreign currencies directly from the travel agent or altenatively, any CIMB BdC prior to their departure.
Some of its BdCs are mainly located at major airports namely the KL International Airport, Low Cost Carrier Terminal (LCCT), Penang International Airport, Langkawi International Airport, Kuching International Airport and Kota Kinabalu International Airport.
Malaysia Travel Agent - News
“I had my biometric fingerprint taken yesterday with the help of an agent and by paying 300 ringgit [$100],” said Ahmad, who has worked illegally in the construction sector for the past few years. “Now I want to process my travel documents so that I
CIMB Bank Deputy Head of Retail Financial Services Abdul Karim Md Lassim exchanging documents with Malaysian Associations of Tour & Travel Agents (MATTA) Datuk Mohd Khalid Harun after the signing ceremony between CIMB Bank and MATTA yesterday.
Posted on July 31, 2011, Sunday KUCHING: The role of travel agents in China is still relevant towards boosting the tourist traffic between China and Malaysia, despite high level of advancement in ICT where travel arrangements can be made via online.
Travel agents' efforts The reasons for this new entrant on the scene are a concerted effort by travel agents to promote the destination and a simultaneous closing down of other frontiers due to a glut and overexposure.
Delores Johnson / The summer crush is giving way to slower ticket sales during the Ramadan period as airlines and the travel trade deal with the constantly fluctuating trends in air travel. Travel agents describe a year in which demand
Discover Malaysia With SmartWay Travels | Travel Agent Central
SmartWay Travels & Tours has developed a seven-day “Discover Malaysia ” tour that includes sightseeing in various cities and visits to natural wonders.
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Full-service destination travel specialist offering unique air and land inclusive packages in conjunction with Malaysia Airlines.
MATTA - Malaysian Association of Tour & Travel Agents
Aims to publicise, encourage, promote and extend the tourist and travel trade.
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The Honorable Datuk Seri Tengku Adnan Tengku Mansor, Malaysia's minister of tourism, sat down for a one-on-one conversation with Travel Agent. ...