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NEW DELHI: On-line journey companies supplier EaseMyTrip on Monday mentioned it’s planning to foray into foreign money change service for which it is going to be making use of for a license to the Reserve Financial institution of India.
The corporate is increasing its choices and is now, planning to launch a foreign money change service. It’s going to allow clients to simply convert their currencies to native tenders, EaseMyTrip mentioned in an announcement.
It’s going to apply for a full-fledged cash changer license (FFMC) from the RBI, the corporate added.
“Buying this license will allow EaseMyTrip to increase its portfolio and supply one of many core companies wanted for worldwide journey, furthering its mission of growing the corporate into a whole journey ecosystem,” the assertion mentioned.
Commenting on the plan, EaseMyTrip co-founder Rikant Pittie mentioned, “EaseMyTrip has been providing its value-added companies to its customers for the previous 13 years, which is why we determined to use for the license”.
The introduction of a foreign exchange service stands as the following finest step in turning into a whole journey ecosystem, he mentioned, including “it is going to additionally allow us to develop into an integral a part of the better nationwide foreign exchange footprint, enabling us to extend our turnover over the course of the approaching years”.
EaseMyTrip mentioned via the introduction of the foreign money change service, it is going to be in a position to present its greater than 11 million clients and practically 60,000 journey brokers with a much-needed service.
The choice to enter into the overseas change market additionally got here after the corporate witnessed a considerable improve in worldwide companies seeking to enter the Indian markets, it added.
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