Paytm launches foreign exchange services

payments-wallet services provider Paytm on Wednesday said it has launched foreign exchange  services in 20 international currencies.   In a statement  posted on its official blog, the company said that customers will be  able to order multi-currency Forex card and Forex cash from the service  on a real-time basis, and get them home-delivered within 48 hours.  Buyers will also be able to able to collect them from the company’s  partnered outlets at zero service charge.  it said. 

Further, the customer would not have  to pay commission, service charge or other hidden charges on their  purchases and cash withdrawals, the company said. 

Customers can load up to $250,000 in a financial year into the forex card and buy up to $3,000 as currency notes, it added.