We are delighted to have successfully advised Prosegur Change, the leading foreign currency and financial services provider, on all legal and regulatory aspects in relation to its successful launch of foreign exchange services at Larnaca and Paphos airports, including with respect to its required approval and licence from the Central Bank of Cyprus.
This marks the first foray into the Cypriot market for Prosegur Change, the currency exchange division of one of the world’s leading cash services companies, Prosegur Cash. Prosegur Change opens four branches and four multi-currency ATMs at Larnaca International Airport, plus one branch and one ATM at Paphos International Airport.
Given the critical services rendered, the Central Bank of Cyprus licensing process had to be undertaken on an expedited way, which makes the success of this launch even more remarkable.