Digital payments giant Paytm has entered into a strategic partnership with Forex services. The new launched service is named as Paytm Forex Services.
With this joint venture, Paytm’s services will now be available for top 20 international currencies.
This exclusive service will help the users to opt for partial payment feature to lock in the ongoing exchange rate.
Paytm Forex Services will the user to order the multi-currency forex card and forex cash on a real-time basis. The card will be delivered on the users’ doorstep within 48 hours.
The service can be used at almost all merchant outlets and ATMs across the world. It allows the customers to load up to $250K in a financial year into the forex card and purchase upto to $3000 as currency notes.
This new venture will help Paytm to expand its payments use-cases across the various segments.