Coindrum provides self service machines in airports that passengers use to convert unwanted coins into airport shopping vouchers.
This solves the foreign coin inconvenience for travellers, increases the percentage of people that shop for retailers and speeds up security checks for airports.
They are a nuisance during security checks, might not be the currency of your destination and often go unused.
Simply deposit all unwanted coins and immediately receive an airport shopping voucher in return. We even sometimes give extra free credit or offer a charity alternative.
You can spend the voucher on anything you like in the participating shops, no mixing of foreign coins or manual counting needed!
The single biggest commercial opportunity in travel retail is to get more travellers to start shopping. Otherwise increasing retail profitability is difficult as margins as well as spent per customer are already optimised and overall traffic numbers can’t be controlled. This is why hugely expensive advertising is at its capacity, but the Coindrum innovation is taking the industry by storm to offer another way.
Passengers are stuck with their coins when travelling but can now use Coindrum to convert them into airport retail vouchers, committing to start shopping as a direct consequence.
It’s a category growth opportunity and win-win solution by which passengers outspent the relatively low value vouchers by a significant multiple at the tills.
Business Development Executive
Coindrum © 2017
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The CHQ Building, Custom House Quay, Dublin Docklands, Dublin 1, Ireland.