Travel Boutique Online makes strategic moves on Forex with Fxkart.com

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Updated: August 11, 2016 2:57 PM

Naspers backed Travel Boutique Online enters into strategic partnership with Fxkart.com, an online aggregator/ marketplace of Foreign Exchange Dealers, enabling its 19,000 travel agents to make foreign exchange bookings for their customers seamlessly

ETW StaffMumbai

Naspers backed Travel Boutique Online enters into strategic partnership with Fxkart.com, an online aggregator/ marketplace of Foreign Exchange Dealers, enabling its 19,000 travel agents to make foreign exchange bookings for their customers seamlessly. Travel agents are yet considered as the backbone of the travel industry and while online travel portals are increasingly taking market share, there is a large consumer segment who prefers making their travel bookings through a travel agent who offers them personalised itinerary planning.

Travel Boutique Online (TBO), promises that his partnership will enable travel agents on their system to access and discover the best forex rates instantly from a network of 250+ RBI authorised money changers at 1300+ locations in India. Speaking on the development, Ankush Nijhawan, co-founder, TBO Group said, “Fxkart.com is one of the most promising startups in the fin-tech sector. With foreign exchange being one of the biggest pain points for the travel agent, this would be a shot in the arm to seamlessly book forex on the portal and servicing the customer at the lowest rates.” Adding further, Abdul Hadi Shaikh, CEO Fxkart.com said, “We are happy to be on the platform as it gives us an instant reach to service travel agents who trust TBO across India with the help of technology.” Fxkart.com is an online fin-tech startup for buying and selling foreign currency. It deals in currency, travel cards and international money transfers. In the last 16 months, the company has already become India’s largest online foreign exchange platform.

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