KOCHI, India, November 16, 2016 /PRNewswire/ —
ExTravelMoney.com, the biggest aggregator of online forex services in India, are now going mobile with the launch of their forex booking app ‘ExTravelMoney’ in Google Playstore. The app facilitates foreign currency exchange and remittance services to customers at super low rates, and is soon to be launched in the iOS platform as well.
The Kochi-based company which has been in operation since 2014; aims to revolutionize the way international travellers and students going for study abroad do money exchange and transfer money abroad. Apart from buying/selling foreign currency, wire transfer, and demand drafts, they also offer prepaid forex travel cards. With 340 million smartphone users expected in India by 2017 in view to bring to bring forex based services to customer’s fingertips, the company has come out with the ExTravelMoney app to ensure seamless online forex booking for customers right from their mobile phones.
The new app would find exchange houses and banks near you and the exchange rates quoted by them. You can then book the service online and get the forex product home delivered. For checking the rates of different currencies the ‘Live Rates’ option is present, which is updated every minute. For customers requiring expert advice on forex or RBI rules the ‘Callback’ option helps request free phone support from ExTravelMoney forex experts.
An innovative feature of ExTravelMoney is ‘Rate Alerts’ which allows customers to beat the volatile currency exchange market. This break-through feature permits users to set alerts in advance for notifying when a currency goes above or below a certain value. Once the alert is triggered, the app informs the user that it’s a good time to buy or sell the currency. According to George Zacharia, CEO of ExTravelMoney, “Our app simplifies the process of ordering forex for you. Just 3 steps, that’s all. Choose the forex service you need, compare and select money changer near you with the best deal and place your forex order. Selecting a money changer is particularly easy as we even have a rating system in place where customers rate forex outlets for their service.”
Talking about how ExTravelMoney would benefit people, he says, “The process now is that, when people think of buying foreign exchange, they just go to a store recommended by someone they know or which they have visited in the past. That is a loss of purchasing power for customers because they don’t have a tool to compare the exchange rates offered by different forex outlets in the same platform. There could be a much cheaper option outside than the forex store they are in right now. Usually 5-8% of the entire transaction would be eaten up by high exchange rates and commissions. At ExTravelMoney, competition exists between money changers to grab customers and hence the best exchange rates are offered. These rates are transparent for customers to see. ExTravelMoney is absolutely a free service, with no hidden charges either.”
Recently, ExTravelMoney, which has already partnered with 11 forex companies including Muthoot Forex, Orient Exchange, and Weizmann Forex, added Cox and Kings to the platform too. With this tie-up, ExTravelMoney boasts more than 4500+ forex outlets in total, spread across India including metros like Delhi, Mumbai, Bangalore, and Chennai.
About ExTravelMoney Technosol Pvt Ltd:
ExTravelMoney is a FinTech startup which aims to capture the $35 billion forex market in India and has already completed transactions to the tune of ₹15 Crores through their online platform. They have been recipients of ‘Winners for Hot100 Technology Awards 2014’ by Amazon and Microsoft Ventures and are one among the 10 companies shortlisted for ‘India FinTech Awards (IFTA) 2016’, for innovations and positive disruptions in the Fintech industry.
Chief Marketing Officer
ExTravelMoney Technosol Pvt Ltd