BookMyForex First Indian Online Marketplace for Forex Exchange

GURGAON, India - March 21, 2017 - PRLog -- The rates on the BookMyForex platform are updated every three seconds and customers have the option of locking-in live rates and setting rate alerts. BookMyForex offers same-day doorstep delivery of foreign exchange with an average delivery time of four hours. BookMyForex helps customers discover the best deal from banks and exchange companies around them in real time.

BookMyForex compares exchange rate quotes across hundreds of banks and money changers in your area and shows you the best forex rates in real time. Our platform helps reduce the wide disparity in customer pricing and service quality amongst different forex vendors and introduces transparency into forex rates, something that didn't exist in this market ever before. You can transfer money abroad in the fastest way possible with zero bank charges.  Transfers are processed in under 30 minutes and the funds will be received abroad in less than one working day.

Some of the salient features of exchanging your foreign currency with BookMyForex are:

Door Delivery service in over 185 cities across India
- Average delivery time - 4 hours
- Free Delivery for orders over Rs. 50,000
- Order under Rs. 5000 will not be eligible for door delivery
- 5,000+ partnering forex locations across 650 cities in India

Key benefits for customers:

Better value via better exchange rates:
We receive heavily discounted rates from our channel partners due to the sheer amount of business that we provide to them. Further our channel partners have to compete with each other to offer the lowest rates in order to receive more business from us. BookMyForex receives rate quotes from all of our channel partners. We then automatically identify the best rate in every city in India and transparently expose this rate to our customers. Customers never have to haggle to get a better rate.

Convenience, reliability, and better service quality:

BookMyForex ties up with only a handful of the most reliable and best exchange companies and banks across India that are RBI approved and verified to be reliable and efficient. Our channel partners have to adhere to our streamlined processes and stringent SLAs that guarantee efficient transaction execution. Because of the above, we're able to offer door deliveries at an average of 4 hours after an order is booked. This is far better than any other e-commerce company. All orders booked on our platform are automatically screened for all kinds of eligibility requirements. Customers don't need to be informed of documentation/ payment or regulatory restrictions. This ensures a smooth transaction experience for customers
Reach – We provide door delivery in 105 cities in India and several thousand stores at which orders can be completed

BookMyForex's Unique features

Live rates – BookMyForex introduced the concept of live rates that don't have a large markup added in. Traditional exchange companies use a daily rate that have a large markup that protects them from intraday fluctuations. With live rates this isn't necessary. Our site also increases transparency by exposing these live rates in real time

Freeze live rates - Not only do we provide the best exchange rates possible around you in real time, we also allow you to freeze the rates that you see on our site and complete your order at exactly those rates within 3 days after the order is placed.

Rate alerts – Through BookMyForex you can also get notified when the rates touch a price level at which you'd like to transact at. For example, if you'd like to buy US Dollars at 61 and the current rate is 61.5, you could set a rate alert and you'll be notified as soon as the rate of 61 becomes available.

Largest reach across India – BookMyForex due to its network of channel partners is able to provide door delivery across 105 cities in India and provide 5000+ walk-in locations for customers to complete their order. No other forex provider in India has a reach as large as ours


What gives us confidence
Retail currency exchange is one of the most fragmented and disorganized markets worldwide and this sector has seen next to no technological innovation. There is "Zero transparency" which leads to a huge nuisance. Rates can vary by as much as 10% in India/ 20% in Europe. Rate haggling is common. Unreliable and unscrupulous vendors are common. Large market size of USD 34 billion in India. Market size worldwide is estimated (unconfirmed) to be over 1 trillion dollars. Foreign exchange is a travel related business and while all other travel segments (air ticketing, hotels etc.) are largely online, foreign exchange, surprisingly has never existed in the online space

Media
BookMyForex has won many awards for the way we have transformed the Forex Industry in India. BookMyForex was adjudged as one of the top 50 performing startups in India by The Smart CEO Startup 50 and TiE Bangalore.

To know more queries visit our website https://www.bookmyforex.com/ or call @+91-8800330558.