Paytm has announced the launch of its new foreign exchange services for money exchange of 20 top international currencies. The company will also offer multi-currency Forex card and cash.
The service is currently live on thebrand’s official website and it will be soon be launched on Android and iOS apps. The company claims that users can load up to $250,000 in a financial year into this card and can buy up to $3000 as currency notes. Interestingly, Paytm says that the Forex card and cash can be ordered on a real-time basis and can be delivered to your doorstep within 48 hours. One can also collect it from the nearest partnered seller’s outlets across the country.
Users can also lock-in current rates at the time of placing an order by making a 2 per cent partial payment. Users can pay the remaining amount at the time of delivery. Additionally, the company assures that users will not have to pay 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.
“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 needs,” said, Abhishek Rajan, Vice President , Paytm