EaseMyTrip plans to launch currency exchange service – The New Indian Express
NEW DELHI: Online travel service provider EaseMyTrip said on Monday it plans to launch the currency exchange service for which it will seek a license from the Reserve Bank of India.
The company is expanding its offer and is now planning to launch a currency exchange service. This will allow customers to easily convert their currencies into local tenders, EaseMyTrip said in a statement.
It will apply for a full currency changer license (FFMC) from the RBI, the company added.
“Acquiring this license will allow EaseMyTrip to expand its portfolio and offer one of the core services needed for international travel, furthering its mission to grow the company into a complete travel ecosystem,” the report said. communicated.
Commenting on the plan, EaseMyTrip co-founder Rikant Pittie said, “EaseMyTrip has been offering its value-added services to its users for 13 years, that’s why we decided to apply for the license.”
Introducing a forex service is the next best step in becoming a complete travel ecosystem, he said, adding “it will also allow us to be an integral part of the larger national forex footprint, allowing us to increase our turnover over the years to come”.
EaseMyTrip said that with the introduction of the currency exchange service, it will be able to provide its more than 11 million customers and nearly 60,000 travel agents with a much-needed service.
The decision to enter the forex market also came after the company witnessed a substantial increase in the number of international companies seeking to enter Indian markets, he added.