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BookMyForex Launches International Travel Fest with Exciting Bundled Offers, Targets Double-Digit Growth

BookMyForex Launches International Travel Fest with Exciting Bundled Offers, Targets Double-Digit Growth
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BookMyForex Rolls out "Student Offer" on International Money Transfers

Gurgaon (Haryana) [India], January 18 (ANI/NewsVoir): BookMyForex.com, India's first online foreign exchange marketplace, has launched the new "BookMyForex Student Offer" with cashback & offers on international money transfers aiming to provide great value to international students. The new offering enables students to send money transfers abroad and get up to Rs 5000 cashback along with a free International SIM card on every transfer. The "BookMyForex Student Offer" is a limited-time offer and is valid from January 18th to March 30th, 2023. All money transfer bookings made using the BookMyForex website or App will be eligible for cashback and a free SIM. The customers need to use promo code "STUDENTOFFER" to avail the offer. Commenting on the offer, Sudarshan Motwani, Founder and CEO, BookMyForex.com said, "BookMyForex provides money transfers overseas at near interbank rates and zero commissions. Interbank rates are real-time rates that may be viewed on business news channels, search engines, etc. Our prices are almost one or two rupees cheaper than those provided by the banks. Through the "BookMyForex Student offer", we are aiming to make our completely digital money transfers accessible to international students at a much greater value. The winter intake at foreign universities has begun and this offer will help the students get up to 5 per cent savings on transferring money abroad for tuition fees or living expenses. BookMyForex Student Offer Benefits Cashback of up to Rs 5000 Free International SIM card with every transfer End to end guidance and on call support BookMyForex offers money transfers at lowest exchange rates in a fully secured & digital manner through its reputed partner banks. Customers can also choose to send money from the comfort of their homes 24X7 and avail "Book Now and Pay Later" option. Funds can be transferred abroad for education purposes under RBI's LRS scheme through BookMyForex in just 4 easy steps: 1. Specify transfer requirements, such as currency, amount, and beneficiary information. 2. Submit KYC 3. Online Payment 4. Rates are locked and the transfer is processed. The customers also get complete guidance and end-to-end on-call and online customer support for money transfers. "Our remittance service strikes a perfect balance between being entirely digital and offering on call support to customers who need help with their orders. At BookMyForex, we are always conscious of customer anxiety and cost concerns that come with very high-value transactions such as University Fees and living expenses of students studying abroad. We offer guidance to customers searching for the best mode of money transfer for their children's tuition fees for the first time. Apart from cost, we are aiming to ease a student's education journey abroad through our student offer," commented Sudarshan Motwani, Founder and CEO, BookMyForex.com. BookMyForex offers money transfers service to its customers across the country. Customers can book an order online on www.bookmyforex.com or on its App. The offers details are available on www.bookmyforex.com/student-offer. BookMyForex (a MakeMyTrip Group Company) is India's very first tech initiative in the foreign exchange domain and the market leader in the online retail forex space. Customers can place orders on our website www.bookmyforex.com or through our Android/iOS app to buy forex cards, send international money transfers and buy or sell foreign cash currencies. Customers can also purchase international SIM cards or international travel insurance. BookMyForex operates a hybrid model where we execute the majority of forex pre-paid travel card orders and use the network of banks and reputed RBI-licensed money changers for cross-border payments, foreign currency bank notes, international SIM cards, etc. BookMyForex is the most visible and trusted online retail forex brand, with over USD 1 billion exchanged on its platform. Faering Capital has been invested in BookMyForex since 2016, and recently, MakeMyTrip acquired a majority stake in BookMyForex. Visit us at www.bookmyforex.com. This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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BookMyForex launches "Interbank Rate Forex Card" - India's first true zero markup travel card

Gurgaon (Haryana) [India], November 30 (ANI/NewsVoir): BookMyForex.com, India's first online foreign exchange marketplace, has launched the Interbank Rate Multi-Currency Forex Card, which is India's first true zero markup travel card. During regular banking hours, International travellers will be able to buy Forex Cards at Interbank Rates with zero added markup, i.e., the live & actual rates as seen on search engines at which banks deal with each other for major currencies. The BookMyForex Co-branded multi-currency card has been developed in association with Yes Bank, M2P and is powered by Visa. Commenting on the launch, Sudarshan Motwani, Founder and CEO, BookMyForex.com said, "Despite the wide range of international travel cards, customers still do not get a clear picture of a product that is best suited for foreign expenses. Foreign transactions on Debit/Credit cards issued by Banks can be marked up by as much as 5% over interbank rates. Some INR card products that claim zero markup actually provide zero markup on VISA/MasterCard rates, which itself can be marked up by up to 1% over interbank rates. Hence, zero markup is not zero markup unless it is zero markup on Interbank rates." "BookMyForex is the first to offer forex cards with zero markup on the live Interbank rate, making it the first true zero markup travel card available in India. We are confident that the BookMyForex Interbank Forex Card will enable us to double our market share," he added. Powered by Visa, the BookMyForex Forex card is accepted globally at 35+ million stores, 1+ million e-commerce websites, and 2+ million ATMs. The card can be loaded with 14 different currencies, and the exchange rates on forex cards remain fixed, unlike any INR based debit or credit cards. A customer need not worry about the rate fluctuations and the losses from the rate volatility. The tax collected at source (TCS) is not collected upfront on a forex card unless the customer's purchase of foreign exchange exceeds Rs. 7 lakhs per year. There is zero issuance, reload or unloading charge on the card. The customers can order the forex card through BookMyForex's website or Android/ iOS App and get it door-delivered across all major cities in India on the same day. The card can be digitally topped up while overseas by booking a reload order on the BookMyForex App. Apart from a significant rate advantage, the new age app-powered Forex Card has been thoughtfully crafted to provide a superior experience to international travellers and comes with a host of features: 1. Real time expense tracking & sorting of transactions 2. Instant transaction notifications 3. Instant conversion of balance from one currency to another 4. Disposable virtual cards for secure online transactions 5. Hassle free top ups & refunds on the card 6. Bank grade security 7. Nearby ATM tracker Nitin Motwani, Founder & CTO, BookMyForex commented, "As the pioneers of the digital forex revolution in India, we have always strived to create products that can maximise customer value and ease of use. The Interbank forex card along with the companion mobile app will help us further revolutionise foreign exchange in India." To offer even more value to the international travellers, BookMyForex will also be providing a "FREE International SIM with Unlimited Incoming calls and WhatsApp Chats" along with the Interbank rate Forex Card. This SIM card will allow travellers to stay connected while overseas with unlimited free incoming calls and WhatsApp chats for 30 days post activation. Customers will easily be able to top up this SIM card with additional data and voice packs as per their requirements. BookMyForex (a MakeMyTrip Group Company) is India's very first tech initiative in the foreign exchange domain and the market leader in the online retail forex space. Customers can place orders on https://www.bookmyforex.com or through the BookMyForex Android/ iOS app to buy forex cards, send international money transfers and buy or sell foreign cash currencies. Customers can also purchase international SIM cards or international travel insurance. BookMyForex operates a hybrid model where the majority of forex card transactions are executed by BookMyForex and orders for foreign currency notes and international money transfers are executed via BookMyForex's network of Banks and Reputed RBI licensed moneychangers. BookMyForex is the most visible and trusted online retail forex brand with over USD 1 billion exchanged on its platform. Faering Capital has been invested in BookMyForex since 2016 and recently MakeMyTrip acquired a majority stake in BookMyForex. Visit us at www.bookmyforex.com. This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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BookMyForex launches "Interbank Rate Forex Card" - India's first true zero markup travel card - Jammu Kashmir Latest News | Tourism

GURGAON, Nov 30: BookMyForex.com, India’s first online foreign exchange marketplace, has launched the Interbank Rate Multi-Currency Forex Card, which is India’s first true zero markup travel card. During regular banking hours, International travellers will be able to buy Forex Cards at Interbank Rates with zero added markup, i.e., the live & actual rates as seen on search engines at which banks deal with each other for major currencies. The BookMyForex Co-branded multi-currency card has been developed in association with Yes […]

Gurgaon , Haryana , India , Sudarshan-motwani , Nitin-motwani , Makemytrip , Mastercard , Bookmyforexa-makemytrip-group-company-is-india , Visa , Interbank-rate-multi-currency-forex-card , Forex-cards , Interbank-rates

BookMyForex launches 24x7 international money transfers; Introduces "Book Now Pay Later" option

Gurgaon (Haryana) [India], August 16 (ANI/NewsVoir): BookMyForex.com, (a MakeMyTrip group company), India's leading online foreign currency exchange services provider, has launched a 24X7 remittance service to offer its customers a fast and convenient experience. Remittance orders can be booked on both the BookMyForex website and App. The customers will be able to lock in the forex rates for up to 3 days under the "Book Now, Pay Later". Customers have a choice to make full payments or Lock Rates by paying a 2 per cent refundable advance under "Book Now and Pay Later" option. The new features are built on BookMyForex' s existing low-cost, completely online, and paperless remittance service. Commenting on the launch, Sudarshan Motwani, Founder & CEO, BookMyForex.com said, "At BookMyForex, we have always aimed to offer innovative solutions and a seamless experience to our customers. Our latest launch, 24X7 forex Services that include Overseas Money Transfers, is a great example of our tech innovation and customer-oriented approach. The "Book Now, Pay Later" service is especially beneficial in current times when the currency rates are volatile. The new features will help our customers get the maximum value, fast service, and complete peace of mind." BookMyForex has been at the forefront of innovation in the forex space, being the first to launch an online and paperless money transfer service in India in association with trusted partner banks. With these new features, BookMyForex hopes to attract international students whose parents are still reliant on the time-consuming money transfer process at Money Changers or Bank branches, where they end up paying exorbitant forex rates and transfer fees. India is pioneering digital payment revolution that makes financial transactions not just very convenient but also saves enormous costs for the customers. Overseas money transfers specially Student fee can be a big burden for the students and their parents. Easy and convenient ways to pay student fees, family and gift transfers, immigration and employment-related Overseas Money Transfers and many other forex transactions can now conveniently be made through the highly reliable digital platform of BookMyForex which also offers high-quality support service. Users can transfer money abroad under RBI's LRS scheme through BookMyForex in just 4 easy steps: 1. Specify your requirements, such as currency, amount, and beneficiary information. 2. Submit your KYC. 3. Online Payment. 4. Rates are locked and the transfer is processed. The remittance market is growing at a fast pace in India. While outward remittances under RBI's LRS scheme amounted to remittance of $12.68 billion in FY21. Outflows under the LRS scheme totalled $19.61 billion in FY22, a 54.6 per cent increase over FY21. "The month of August witnesses high outward remittance as universities abroad start their new sessions during this month and students remit funds for university fees and living expenses. Education-led money transfers have been the fastest growing segment for BookMyForex & we are expecting to double our growth forecast for outward remittance as our rates are almost a rupee or two lower (USD/equivalent) than what the Money Changers and Banks offer. Additionally, the demand in the market has exponentially improved post-COVID," commented Sudarshan Motwani, Founder and CEO, BookMyForex.com. The company has launched "BookMyForex Student Offer" to provide exclusive rates and offers to students going abroad. Students will be able to get attractive discounts on Wire Transfers for their tuition fees, International SIM cards, Forex Cards, etc. One can get up to Rs. 5000 Cashback on Money Transfers. The offer will be applicable for all bookings done via BookMyForex platform/App. BookMyForex (a MakeMyTrip Group Company) is India's very first tech initiative in the foreign exchange domain and the market leader in the online retail forex space. Customers can place orders on our website www.bookmyforex.com or through our mobile app to buy or sell foreign cash currencies, forex cards, make cross-border payments from India to anywhere in the world, and purchase international SIM cards or international travel insurance. BookMyForex operates a hybrid model where we execute the majority of forex prepaid travel card orders and use the network of banks and reputed money changers for cross-border payments, foreign currency bank notes, and international SIM cards, etc. Faering Capital has been invested in BookMyForex since 2016 and recently MakeMyTrip acquired majority stake in BookMyForex. This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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