The aim is to ease the cumbersome task of changing foreign currency into Indian rupees or Indian rupees to any other currencies for travel purpose without losing its prevailing current exchange value.
With this new service, any traveller who needs to buy or sell foreign currencies and travel money card can register by visiting www.extravelmoney.com and can place the order. Customer will get the live exchange rate and choose an authorised money exchanging firm from the given list to provide the service.
Muthoot Forex Ltd joined hands as a privileged service agent with extravelmoney.com to serve online orders nationwide.
Ajin Baby, Chief Operating Officer, Veeble Softtech (P) Ltd and George Zachariah, Managing Director and CEO of Finex Forex said that they have plans to add 8,000 money changing outlets across the country by the end of this year. This huge logistical base will help the venture tap the $35 billion market of currency exchange in India, 60-65 per cent of which at present comes from travel currency cards and cash.
Earlier travellers had to depend many times on airport counters or banks for changing currencies at high charges and margins. With extravelmoney.com we hope to do away with this inconvenience for our customers, they added.
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