TBO & FxKart offer B2B forex facility

In a strategic equity partnership, Travel Boutique Online and FxKart.com, an online market place for money-changers have
come together to offer foreign exchange facilities to travel agents. Abdul Hadi Shaikh, CEO, FxKart, explains, “We have
done a deep integration with the TBO portal. TBO agents can log on to their existing TBO platform, access the forex tab and
get the best rates for forex in the city. Fxkart’s innovative instant forex deal discovery platform lets authorised money
changers in the market bid for the best price in real time offering agents the best deal. Once the order is booked, the
customer service finalises the deal and a seamless forex delivery takes place.” Shaikh further informs that travel agents
can get commissions on every deal booked through options like per deal basis or percentage mark-up. Ankush Nijhawan, Co-
Founder, TBO Group, informs that within two days of the launch of the product, there were 300 travel agents who searched
for forex requirement on the platform, transacting business volume worth over a million dollars without any marketing of
the product. “Our vision with the product is to disrupt the way the foreign exchange business is done in the B2B space,”
says Nijhawan.