AWARD YEAR
2021
CATEGORY
Community
GOALS
Decent Work & Economic Growth, Industry, Innovation & Infrastructure, Innovative Financial System
KEYWORDS
kiosk, currency exchange
COUNTRY
Republic of Korea
DESIGNED BY
Changepoint
WEBSITE
https://changepoint.kr/
Changepoint
A Kiosk that solves the difficulty of currency exchange.
The main concern of Changepoint was foreign coins that are difficult to exchange. Very few people have engaged in a conversion match compared to the demand for a conversion match. The reason for this is the bank's passive attitude toward the transition and the high logistics and labor costs compared to profits.
Changepoint put forward a solution to reduce labor costs by introducing kiosks. ChangePoint's kiosk has attempted to differentiate itself by maximizing user experience with 40% lower fees than banks. If foreign coins are put in the currency exchange installed at domestic airports and airport railways, the amount exchanged in Korean won will be immediately deposited into the customer's bank account.