Paytm Forays Into The Forex Space, Aims to Expand
Digital payment giant Paytm, which is owned by One97 Communications is now entering the forex space, for the exchange of 20 international currencies on its platform.
The service is being carried forward in partnership with Centrum Direct as stated by the company. Earlier, it had been rumored that Paytm is eyeing to foray into the foreign exchange and international remittance space and now finally it is happening.
According to the reports, Paytm will at first start with foreign exchange services. It may enter cross-border remittance services, both outward and inward.
“We have been witnessing an unprecedented growth for international travel bookings on our platform. We learned that our customers usually are in a need of a trusted and seamless forex service for themselves. We considere...