FamilyMart Co. said Wednesday it will start installing currency exchange machines in its stores in Japan from February in a bid to cater to foreign tourists.
The convenience store chain will place the automated machines in four stores in Tokyo on Feb. 1 and have them operational at 1,000 outlets by fiscal 2020. The stores will mainly be those in spots frequented by tourists.
The machines are manufactured by currency exchange company Travelex Japan K.K., headquartered in Tokyo.
Users will be able to get yen from 13 different foreign currencies, including the U.S. dollar and the Chinese yuan, 24 hours a day.
A touch panel offers instructions in English, Chinese, Korean and Japanese.
The other currencies are the euro, the South Korean won, the U.K. pound, the Singaporean dollar, the Australian dollar, the Hong Kong dollar, the Taiwanese dollar, the Canadian dollar, the Filipino peso, the Thai baht and the Malaysian ringgit.
The machines will not accept yen for conversion into foreign currency.
The exchange rates for users will be slightly worse than those at airports and banks, but better than those offered by hotels.