Fxkart.com, the online aggregator of foreign exchange dealers, on Monday launched India's first forex booking mobile app for exchange of foreign currency.
"The UAE-based Free Zone company, Fxkart.com, aims to change the way consumers buy/sell forex in India through the use of technology. The app is available on iOS and Play store platforms," Fxkart.com said.
The company has its R&D (Research and Development) Centre at Bengaluru, and is currently reaching out to people at more than 650 locations across India, it said in a statement in Bengaluru.
"Fxkart.com aims to provide the consumers with the ease of instantly booking forex requirement by locating the cheapest and nearest dealer in the city, bringing convenience to the traveler/tourist to book forex with a click," it added.
"The new app would answer all customer queries about foreign exchange through a personalised chat option. The app is geo-located, where users can enter the city or the locality from where they want to collect the foreign exchange, and automatically the screen would display the RBI licensed money changers in and around the locality along with the best rate," Fxkart.com CEO Abdul Hadi Shaikh said.
"Users will have to then select the best offer and based on customer requirement they can either collect it from the store or have it home delivered," he added.
International tourists have an option to book it even before they travel to India and can get the deal once they land at the airport.
"In the next update, customers will have an option to upload their documents, thus making a hassle free, haggle free transaction," it said.
The "biggest advantage" of this app is that the customers can compare rates at transit destinations too and if the rate is better, they can easily book a deal and order it at the airport or at their hotel too, the company said.