Argentum technologies Pvt. Ltd, a Delhi-based fintech startup, is pleased to announce the official launch of CurrencyKart, to revolutionise the forex business in India by providing unparalleled convenience to the money changers and travellers for the best deals on foreign exchange. The company has been operating since Feb 2016 and has over 150 dealers across the nation.
CurrencyKart is an online marketplace serving as a platform for money changers, travellers and RBI approved dealers to come and deal in forex and its related products at one place. The company aims to provide convenient, rapid and most reasonable set of solutions and delivers quality services to the consumers. To bring complete transparency, CurrencyKart showcases the rates offered by dealers in real time and delivers the order to the door soon.
Speaking about the launch of CurrencyKart, Mr. Gurpreet Narang, Co-Founder and COO, CurrencyKart said, “Presently, travellers and money changers find it a hassling process to know what is the correct rate in the market. CurrencyKart helps consumers to get the best forex rates in real time, bringing accessibility to book forex with a click and get it delivered at their places.”
He further added, “At CurrencyKart, we aim to eliminate the stress while dealing with forex exchange and international payments. We look forward to increase competition in the market to bring efficiency in operation, which is very much missing in the industry.”
Commenting on the launch of CurrencyKart, Ms. Nishima Agarwal, Co-Founder & Chief Performance Officer, CurrencyKart stated, “Today Indian forex market is highly unorganised and people are often misled by a few handfuls of forex traders to carry currency in cash to avoid their hassles with respect to handling KYC, thus taking the advantage of the consumer behaviour of saving time and money. But consumers forget the amount of risk which they are taking by following such practices. CurrencyKart brings transparency to the market where consumers can compare the rates offered by various dealers and get them exchanged following the right practices. The company is taking an initiative to promote white market by urging the government to take small measures which might force consumers to take the currency in the white market and help our fellow citizens to have the hassle and risk free travel.”
Moreover, the company has also introduced the mobile application for both iOS and android devices so that users can deal with currencies from anywhere using their smartphones. Currently, CurrencyKart has its direct presence in 20 cities across the nation and growing its dealer network with every passing day.