Paytm has launched forex services for money exchange
of top 20 international currencies, including the US dollar.
The forex service, currently available on the Paytm website, will soon be available on the Paytm app as well.
“These multi-currency Forex Card and Forex Cash can be ordered on a real-time basis and can be delivered to your doorstep within 48 hours. It can also be conveniently collected from any of our nearest partner seller’s outlets across India,” the Vijay Shekhar Sharma-run firm said.
It will allow lock-in at current rates at the time of placing an order by making a 2 percent partial payment and the flexibility to make the remaining payment at the time of delivery.
Additionally, there is no commission, service charge or hidden charges on the purchases.
The forex card balance can be checked online and in most ATMs abroad.
You can load up to $250,000 in a financial year into the forex card and buy up to $3000 as currency notes.