It will allow to lock-in the current rates at the time of placing an order by making a 2 percent partial payment with the flexibility to make the remaining payment at the time of delivery.
Paytm, a digital payments company has launched a 'Forex Service' for exchanging 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 your doorstep within 48 hours. It can also be conveniently collected from any of our nearest partnered seller's outlets across India," said in a statement.
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. 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.The service is live on the website and will be soon launched on Android and iOS app.