11 July 2018, India:
Paytm has launched Forex Services for money exchange of 20 top International Currencies.
These Multi-currency Forex Card and Forex Cash can be ordered on a real-time basis, and can be delivered to user’s doorstep within 48 hours. It can also be conveniently collected from any of Paytm’s nearest partnered seller’s outlets across India, the company said in a statement.
This unique offering allows to lock-in the current rates at the time of placing an order by making a 2% partial payment with the flexibility to make the remaining payment at the time of delivery. Additionally, you will not be paying any commission, service charge or hidden charges on your purchases. The forex card balance can be checked online and, in most ATMs, abroad. It can be used at almost all merchant outlets and ATMs across the world, the statement added.
Abhishek Ranjan, Vice President, Paytm said, “We learned that our customers usually are in a need of a trusted and seamless forex service for themselves. We considered this as an important opportunity for us and are delighted to launch a convenient way of buying Forex Service on our platform. This is in line with our goal to be the most preferred destination for all travel need.”
User can load up to $250,000 in a financial year into this card and buy up to $3000 as currency notes.
This service is currently live on Paytm’s website and will soon be launched on its Android and iOS apps.
(Image – Paytm)