Bruneians love to travel, whether for leisure or for work, just beyond the borders or overseas, residents of the sultanate are no strangers to trips abroad.

Travelling of course, as most of us know comes with its own inconveniences, particularly on the days leading up to the departure, acquiring foreign currency, for instance, is a struggle that is shared by all.

The newly-opened BruXchange money changer based in Kiulap. Image: Fazizul Haqimie

BruXchange, the country’s first online currency booking platform, is here to remedy all of that, offering up a safe, reliable and easy-to-use booking platform that allows you to reserve your foreign currency days before you fly.

Speaking to The Bruneian, Director of BruXchange Hj Sophian Dato Seri Setia Hj Mat Suny shared the impetus of how the online platform was conceived, primarily out of the need to provide convenience to customers, through hi-tech and digital solutions.

The newly-opened BruXchange money changer office based in Kiulap. Image: Fazizul Haqimie

“We are always looking to create and deliver innovative products which increase the quality and accessibility of existing services, in line with the government’s Digital Economy Master Plan 2035 and their ambition to become a Smart Nation,” he said.

With more than ten available currencies including the Malaysian Ringgit (MYR), US Dollar (USD), and the Pound Sterling (GBP) amongst others, customers can exchange currencies online through the online platform in just three easy steps.

Customers must firstly register for an account on the BruXchange website (www.bruxchangemc.com) and choose a currency as well as the amount to exchange.

Director of BruXchange Hj Sophian Dato Seri Setia Hj Mat Suny. Image: Fazizul Haqimie

The transaction can then be paid online securely via the BruPay e-wallet and once the booking is confirmed, customers can collect their order at BruXchange’s Money Changer counter in Setia Kenangan 2, Kiulap, within seven days.

The website also features daily buy and sell rates of 18 currencies as well as a currency converter so users can calculate the amount they intend to exchange, with no obligation to place an order.

The platform furthermore, informs users of currency availability during the order process, saving them a car ride and potential disappointment if a currency is out of stock.

“BruXchange will benefit those who are limited in time who have very fixed working hours, similar to office-based workers, young professionals or people who work on shifts.

The newly-opened BruXchange money changer physical office based in Kiulap. Image: Fazizul Haqimie

Basically, it’s for people who can’t really get out to get the money they need before their trip, people who are busy, who don’t have the time, so this (the BruXchange) platform fits perfectly into their schedule,” explained Hj Sophian.

Current operating hours for the BruXchange Money Changer is from 10am to 6pm, he continued, however, once the environment allows for regular travel, opening hours will be extended to 8 pm.

He then went on to acknowledge that due to the ongoing coronavirus pandemic, there is less demand for foreign currency due to the impact COVID-19 has had on the travel industry.

The newly-opened BruXchange money changer physical office based in Kiulap. Image: Fazizul Haqimie

However, for Hj Sophian, who is also the CEO of BruPay, the launch of the BruXchange website acts as a reminder that “the technology is still here and available to use,” expressing hopes that the foreign currencies may be utilized by essential travellers, in the meantime.

“One thing we would like to work on (in the coming months) is to license our technology to other money changers should they wish to utilize our online currency booking platform,” he concluded.

BruXchange opened in December of last year and is licensed and regulated by the Autoriti Monetari Brunei Darussalam.

A staff at the newly-opened BruXchange money changer physical office based in Kiulap. Image: Fazizul Haqimie

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