In September 2018, the SPTO and Fexco Pacific signed a MOU embarking on an innovative partnership to enhance value for money benefits and services to SPTO’s private sector members in the tourism industry that will support sustainable tourism business development.
As a result, the South Pacific Tourism Organisation (SPTO) and Fexco Fiji Ltd signed up interested members to obtain preferential rates for foreign exchange.
The agreement offers SPTO members the opportunity to sign up and get best rates cards, that they can give to guests staying at their hotels or delegations that visit for events and meetings. The best rates cards can be used at any of Fexco Fiji Limited, No.1 Currency outlets Fiji wide.
“SPTO strives to bring value to our Tourism Industry members through these types of innovative partnerships; the best rates cards initiative offers convenience and enhanced customer experience for our members in the tourism industry,” said SPTO Chief Executive Officer, Chris Cocker.
“The first tranche of customers that have signed up include Mana Island Resort, Novotel Nadi, Ramada Suites, Pacific BedBank, Nadi Downtown Hotel, PVV Tours, Capricorn Nadi and Dynasty Travel.”
The South Pacific Tourism Organization and Fexco’s No.1 Currency welcomes these SPTO members onto the best rates program.
“We are very pleased with the positive interest and feedback on how the program has benefitted the eight members and their guests. We will continue to take onboard new members in Fiji that show interest to join this programme, Currently Fiji is a pilot programme and if all goes well, the plan is to replicate this programme to our other SPTO member countries” Mr. Cocker added.
Feska Kostatino, the General Manager of Fexco Fiji Limited was very excited about the program. “Fexco is located in 12 countries in the Pacific, we have 18 dedicated outlets and the largest sub-agent network providing foreign exchange and Western Union services in Fiji,” said Mr. Kostatino.
He added that the best rates cards initiative helps our No.1 Currency brand provide added dynamics to the service our partners can provide to its visitors and the offering of Fiji as a holiday destination.
Additional Information for reference:
South Pacific Tourism Organisation
Established in 1983 as the Tourism Council of the South Pacific, the South Pacific Tourism Organisation (SPTO) is the mandated organisation representing Tourism in the region.
Its 20 Government members are American Samoa, Cook Islands, Federated States of Micronesia, Fiji, French Polynesia, Kiribati, Nauru, Marshall Islands, New Caledonia, Niue, Papua New Guinea, Samoa, Solomon Islands, Timor Leste, Tonga, Tuvalu, Vanuatu, Wallis & Futuna, Rapa Nui and the People’s Republic of China.
In addition to government members, the South Pacific Tourism Organization has about 200 private sector members.
Fexco Fiji Limited
Private company owned by Fexco and Federal Pacific. Fexco is Ireland’s most successful privately held financial services company with a growing presence across the globe.
Federal Pacific is a global investment company based in New Zealand with a strong network in the Pacific region. This year is Fexco Pacific 10th year anniversary in the region
Fully licensed and operates in 12 Countries – New Zealand, Fiji, Samoa, Tonga, American Samoa, Solomon Islands, Vanuatu, Tuvalu, Cook Islands, East Timor, Kiribati, and New Caledonia under the retail brand No.1 Currency.
No.1 Currency offers foreign exchange services, we are a Western Union Master agent in most of the Pacific countries in which we operate, also offering business payments services to our corporate clients.
No.1 Currency is the only money exchange business in the Fiji and the Pacific that offers an online foreign currency ordering service www.no1currency.com.fj, where customers can access and book competitive exchange rates.
(Source: SPTO press release 13 September 2019)