How online marketplaces are revolutionizing the forex industry



The world of internet has penetrated every domain in our lives. One such boon as a result is the advent of online marketplaces. From shopping to financial services, just about everything is shifting to the convenient virtual space. Earlier, planning your travel abroad was at the mercy of travel agents, but now the travel industry is robust and vibrant due to its strong foothold in the online space. Similarly, getting forex was at the behest of banks or companies, who claimed to offer you the best currency exchange rate. A quick check for the best foreign exchange rates on the internet would however be able to falsify these claims.
https://www.bookmyforex.com/currency-exchange/bangalore
 Gone are the days of travelling from pillar to post for acquiring forex. Gone are the days of dubious vendors, trying to fleece you with counterfeit currency.  Taking the forex scenario in India towards transparency and reliability is the innovative concept of online marketplaces for forex, a trendy example being BookMyForex. These marketplaces are revolutionizing the forex industry with their indigenous ways of ensuring the best currency exchange rates for their customers.
 
The idea behind BookMyForex is simple and clean. Once they receive an order to buy/sell/remit forex, they invite wholesale forex rate quotes from forex vendors operating in that city/area for clinching the order. Once they receive all the bids, they revert back to each vendor, letting him know how his quote fares vis-à-vis the best offer. The vendors in turn, revise their offers. Hence they make the vendors compete against one another in real-time in order to offer the best currency exchange rates. The one that has the best foreign exchange rates  is selected automatically to process the order. Thus they bring the best foreign exchange rates to their customers, sitting comfortably in their homes.

The online marketplaces bring you genuinely best currency exchange service at your fingertips. BookMyForex offers you the entire range of forex products- TC’s, cash currency, prepaid travel cards, multicurrency cards, international demand drafts, wire transfers and online travel insurance. They bring you genuine services from RBI authorized vendors, and hence have stringent quality checks in place.

With a network of 4000+ branches across 175 cities and free home delivery across 155 cities in India, you can be rest assured of smooth order completion as well! 
 
To sweeten your deals, they even have the best  discounts and offers for you. You can earn rewards for loyalty and referrals as well! 

For more information, call our helpdesk @ 09212219191.
https://www.bookmyforex.com/new-forex-order.htm

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