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Besides providing perfect Interbank or Mid-Market rates with zero-exchange margin added, customers will also be provided other benefits that are a hallmark of BookMyForex. The website offers forex pricing in real time, marking a dramatic departure from the current practice of fixe buy and sell rates display.
Sudarshan Motwani, Founder and CEO of BookMyForex said, “Banks and money changers load exchange margins ranging from two to five percent at their city offices to as high as 10 – 12% at their airport counters. They also often charge various fees and commissions over and above heavily loaded forex rates. Through our unique arrangements with several banks and exchange companies that offer us volume (wholesale) rates and high service standards that we track all the time, we have been able to offer zero commission on sale of foreign currency notes, travel cards and traveller’s cheques.”
The propriety application compares forex rates and service track record of all their channel partners and shows up the most suited bank or exchange company branch that offers the best rates in real-time. “The campaign delivers further on our commitment to create widespread tech disruption in the forex industry for the benefit of consumers,” he added.
Source: travelnewsdigest.in