Press Release (ePRNews.com) - Bnaglore, India - Feb 25, 2016 - The foreign exchange industry has been unorganized for the past many years. Right from banks to small and big money changers, one can get foreign exchange anywhere. The lack of standardization in forex rates and unawareness about the documents required for buying forex are the top concerns that any foreign exchange customer looking for the best forex rates in Bangalore had to face until now. But with the advent of BookMyForex, an online platform for buying, selling and remitting foreign exchange, this no longer remains a challenge.
The online platform has many features that make it desirable and the best in the industry. BookMyForex displays live and transparent market rates on its site, the idea of which never existed earlier. To get the best forex rates in Bangalore, a customer had to take quotes from several vendors and haggle endlessly to get the best online foreign exchange rates in Bangalore. With BookMyForex, this is a thing of the past.
BookMyForex is basically an aggregator of several foreign exchange players, including banks and RBI authorized money exchangers, and displays the best online foreign exchange rates in Bangalore for the customers out of the quotes that it receives from its vendors. The company even has different rates for different cities, because forex rates depend on many factors such as location, season, currency etc. Customers simply need to select their city on the website to derive the maximum benefit in terms of the best forex rates in Bangalore.
The foreign exchange industry is highly regulated and RBI has demarcated several purposes under which a customer is eligible to buy certain amount of forex annually. The documentation is also very important but even the vendors themselves are often are not fully aware on this front. BookMyForex has solved this pain point by listing all the criteria on its site very clearly to make the process smoother for customers.
Mr. Sudarshan Motwani, Founder & CEO, BookMyForex.com commented, “We understand that customers want to get the best online foreign exchange rates in Bangalore, but at the same time they are looking for convenience and superior customer experience as well. The idea behind BookMyForex has been to set up benchmarks in this industry, which has remained unorganized for very long. We are not only delivering forex at customers’ doorsteps, but offering rates which were unheard of until some time ago. We are making buying, selling and remitting foreign exchange a completely hassle free experience for the customers.”
BookMyForex is the world’s first marketplace for currency exchange and international remittances. It offers full suite of forex products to customers. Launched in November 2012, the company has created the largest currency exchange fulfillment network in India with 5000+ partner locations across the country. BookMyForex’s business model also tremendously reduces costs and mitigates the risk involved in managing forex operations. This allows BookMyForex to offers exchange rates that no one else can.