BookMyForex has revolutionized the way foreign exchange is bought in India, Nitin Motwani, founder

BookMyForex is an online solution for all your forex needs. It has revolutionized the way foreign currency is bought by travelers. It has exchanged Rs 4,500 crores worth of currency and serviced over 2 lakh customers. With everything from airlines, hotel booking to experiences moving online, BookMyForex has made currency exchange a hassle free online affair too. Nitin Motwani, Founder and CTO, BookMyForex.com tells Nausheen Tareen that customers get the best rates and save money on currency purchase on his platform and secure features and ease of experience have made him one of the market leaders in foreign exchange.   

Nitin Motwani, Founder and CTO, BookMyForex.com
Why should travellers opt for a service such as bookmyforex.com?
BookMyForex has revolutionized the way foreign exchange is bought in India. Customer choose to transact through BookMyForex due to several factors which are as follows:

Rate Advantage
With BookMyForex, one can buy forex at rates that are almost the same as the rates shown on Google, XE etc! On an average, BookMyForex saves you 2.5% – 6.5% over Banks and Foreign Exchange Companies when you buy currency notes, forex cards or send fees to your University.  BookMyForex website compares the rates provided by all banks/ forex companies in all cities in real-time to find the best vendor for your order. Live forex rates are displayed transparently 24x7 and updated every 3 seconds on BookMyForex’s site. There is also an option to lock-in the live rates and complete your order in the next 3 days.

Trust Factor
BookMyForex has already exchanged over Rs. 4500 crores worth of currency and serviced over 2 lakh customers. BookMyForex only selects verified and reliable partners that are RBI approved and offer the highest quality of service.

Focus on customer service
BookMyForex has streamlined online forex order processing with pre-defined vendor SLAs and provides regular status updates and live tracking of forex orders to ensure that customer experience remains smooth across the journey.

Maximum convenience
One can save as much as 6 hours that people on an average spend on arranging forex. You can place your order in a few minutes and complete the entire process online, including making the payment and uploading all necessary documents and get your forex delivered at your doorstep.
Travellers will be able to not just buy currency notes, forex cards from BookMyForex but can also purchase travel insurance, international SIM and book activities and tours from BookMyForex.
"BookMyForex has recently launched its own multi-currency prepaid travel card in partnership with Yes Bank and Visa and plans to come out with new generation forex cards that customers will be able to manage through the BookMyForex app," Nitin Motwani.
On an average, BookMyForex saves you 2.5% – 6.5% over Banks and Foreign Exchange Companies when you buy currency notes, forex cards or send fees to your University.
Safety Features:
BookMyForex only selects verified and reliable partners that are RBI approved and offers the safest and the highest quality of service to those looking to purchase and sell foreign exchange online. The rates displayed on the website are completely transparent and are updated according to the market, i.e. every 3 seconds. Once the customers have booked an order, they can track their order status until they have received the final product at their doorstep.

Present offerings at Bookmyforex:
We offer our customers a full suite of forex products consisting of currency notes, prepaid travel cards, traveller’s cheques, demand drafts and wire transfers in an inexpensive and convenient way. Customers can buy forex for several purposes such as Personal Travel, Business Travel, Education, Emigration, Employment, Medical, and Maintenance of closed relatives staying abroad.

BookMyForex also deals in Travel Insurance, International SIM and Tours & Activities booking.
Future plans
BookMyForex has recently launched its own multi-currency prepaid travel card in partnership with Yes Bank and Visa and plans to come out with new generation forex cards that customers will be able to manage through the BookMyForex app. The customers will be able to get real-time notifications alert, view their spendings in INR, locate surcharge-free ATMs, reload their travel cards on the go and get nearby F&B offers etc.
On the business front, BookMyForex is focussing on creating products for B2B2C and B2B models to reach the unexplored foreign exchange market. It aims to tap into corporates and referral businesses such as OTAs, travel agents, visa and educational consultants which can start offering forex under their own branding and earn extra revenues.



BookMyForex.com is the world’s first and largest online marketplace for foreign exchange and international remittances. It compares exchange rate and service quality standards across hundreds of partner banks and currency exchange companies in real-time and connects customers with the most economical and reliable forex vendor around them. It is the only forex marketplace in India where vendors actively outbid each other to earn BookMyForex customers. Through our channel partner network of over 5000 branches across India we’re able to offer pick-up and delivery of forex products in 650+ Indian cities and door delivery in 185+ cities.
BookMyForex uses proprietary technology to ensure that our customers not only get the best value on their forex deal but also the best service. Thanks to our technology and streamlined processes our average order delivery time is about 4 hours after a customer places his order. BookMyForex.com became a forex marketplace in the year 2014 and has emerged as India’s largest online foreign exchange marketplace owing to its unique concept, transparent live rates and the ultimate goal of solving foreign exchange woes of retail customers.

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