Paytm Launches Forex Services For 20 International Currencies

Paytm's holding visitor, One97 Communications, has announced the launch of its Forex service for money exchange of 20 top foreign currencies. In a statement posted on its official weblog, the company said that customers will exist able to order multi-currency Forex card and Forex cash from the service on a real-time basis, and get them home-delivered within 48 hours. Buyers will also be able to able to collect them from the visitor's partnered outlets at nothing service charge.

To lock-in the prevailing rates, customers will need to make a ii percent partial payment at the fourth dimension of placing an order, with the remaining payment to be made at the time of commitment. Additionally, the customer volition not be paying whatsoever commission, service accuse or hidden charges on their purchases. The Forex card balance can as well be checked online and in most ATMs effectually the globe, says the visitor.

Paytm Launches Foreign Exchange Services For 20 International Currencies

Paytm further says that its products tin exist used at almost all merchant outlets and ATMs across the globe. The new offering volition also complement the requirements of frequent travelers, who can at present buy Forex instantly along with their travel bookings. "You can load up to $250,000 in a fiscal year into the forex card and buy up to $3000 equally currency notes", says the company. The listing of supported currencies include the US dollar, euro, pound, Chinese yuan, Hong Kong dollar, Singapore dollar and more than.

The service has already gone live on the Paytm website and volition soon be launched on the visitor's mobile apps that are available for free on both Android and iOS.