On-line journey companies supplier EaseMyTrip on Monday stated it’s planning to foray into forex trade service for which will probably 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 forex trade service. It can allow prospects to simply convert their currencies to native tenders, EaseMyTrip stated in a press release. It can 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 provide one of many core companies wanted for worldwide journey, furthering its mission of growing the corporate into an entire journey ecosystem,” the assertion stated.
Commenting on the plan, EaseMyTrip co-founder Rikant Pittie stated, “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 changing into an entire journey ecosystem, he stated, including “it should additionally allow us to change into an integral a part of the larger nationwide foreign exchange footprint, enabling us to extend our turnover over the course of the approaching years”.
EaseMyTrip stated by means of the introduction of the forex trade service, will probably be capable of present its greater than 11 million prospects and almost 60,000 journey brokers with a much-needed service.
The choice to enter into the international trade market additionally got here after the corporate witnessed a considerable enhance in worldwide companies seeking to enter the Indian markets, it added.