SPTO, FEXCO Sign Tourism Strategic Co-operation MoU
The South Pacific Tourism Organisation (SPTO) and FEXCO Pacific signed a Memorandum of Understanding on Monday in Auckland, New Zealand.
FEXCO Pacific is a leading financial services company in the region.
The signing underpins both organisations’ vision towards strategic co-operation focused on developing a sustainable framework that is mutually beneficial. The two also want to establish appropriate conditions to drive the value and strength of tourism in the Pacific region.
“SPTO is excited to be working with FEXCO Pacific and leveraging our organisations’ resources, networks, membership and experiences,” said SPTO chief executive officer Chris Cocker.
“(This to) progress in areas of common interest for the development and growth of tourism in the region, where currency exchange and cross-boundary payments are important for travellers and tourism businesses.”
FEXCO Pacific has operations in New Zealand, Fiji, Samoa, Tonga, Vanuatu, Solomon Islands, American Samoa, East Timor, Cooks Islands, Tuvalu and Kiribati. “FEXCO Pacific is keen to collaborate with SPTO and its members to serve and grow the tourism industry in the Pacific. We wish to add value to the great work be- ing done by SPTO in driving more value to the tourism community. Our desire is to deliver enhanced convenience and tangible benefits to stakeholders in the tourism ecosystem” said FEXCO CEO, Chris Wilby.
The partnership between the two organisations is anticipated to aid SPTO in assisting its private sector membership through enhanced value for money benefits and services to support sustainable tourism business development.
About FEXCO
FEXCO offers excellent currency exchange rates with its own brand ‘No1Currency’ and is the largest network agent of Western Union in the Pacific.
It also serves corporate clients with its business payment product which allows businesses to make convenient, fast, and cost-effective cross-border payments.
In addition to FEXCO’s wide retail footprint, they also recently launched No1Currency website in New Zealand (www.no1currency. co.nz) and Fiji (www.no1currency. com.fj).
The online service gives customers a more convenient option in exchanging currency, particularly with the innovative home delivery service in New Zealand.