List of Top Foreign Exchange Companies in India 2025

Foreign Exchange Companies in India: India’s booming travel, trade, and student migration have fueled the demand for reliable forex services. And getting the best currency exchange rates is a game-changer. But with so many options, how do you pick the right one? 

The good news—India has some fantastic foreign exchange companies that make currency conversion quick, easy, and hassle-free. Not just this, you can avail of Forex cards and make secure money transfers abroad.

In this blog, we’ve done the research so that you don’t have to. We have compiled a list of top foreign exchange companies in India that offer great rates, seamless transactions, and top-notch service. Let’s dive in!

What are Foreign Exchange Companies?

Foreign exchange companies are financial service providers that specialize in currency exchange and international money transfers. They help individuals and businesses convert one currency into another at competitive rates. 

They provide a range of forex services. Check them out below-

• Currency Exchange – They buy and sell foreign currencies at competitive exchange rates.
  
• Forex Cards – Prepaid travel cards that can be loaded with multiple foreign currencies for easy international spending.
  
• International Money Transfers – Secure and fast remittance services for sending money abroad.
  
• Wire Transfers – Bank-to-bank international fund transfers for personal or business purposes.
  
• Travellers’ Cheques – Though less common today, some companies still provide this secure payment method for travellers.
  
• Hedging & Forex Trading – For businesses and investors, they offer forex trading, risk management, and hedging solutions to protect against currency fluctuations.
  
• Doorstep Delivery – Some companies provide the convenience of delivering foreign currency or forex cards to your home.

Top 10 Foreign Exchange Companies in India

Finding a reliable foreign exchange service is essential for travellers, students, and businesses dealing with international transactions. The right forex company can save you money with better exchange rates, lower fees, and fast transactions. 

Below is a list of the top foreign exchange companies in India, along with the services they offer.

Foreign Exchange Company	Services Offered
Fly Finance	Forex services, international money transfers, currency exchange
Western Union	International money transfers, cash pickup, bank account transfers
PayPal	Online payments, international money transfers, business payments
TransferWise (now Wise)	Low-cost international transfers, multi-currency accounts, business payments
OFX	International money transfers, currency risk management, business forex services
CurrencyFair	Peer-to-peer currency exchange, international transfers, business forex services
XE Money Transfer	Currency exchange, global money transfers, business forex solutions
WorldFirst	Business forex solutions, international payments, multi-currency accounts
Travelex	Currency exchange, forex travel cards, money transfers
HiFX	International money transfers, risk management solutions, business forex services

These companies provide a mix of personal and business forex solutions, ensuring seamless global transactions. Whether you need to exchange currency, send money abroad, or manage forex risks, this list has got you covered!

Also Read: Stay informed with the updated list of government banks in India, essential for financial planning and banking needs.

Overview of Foreign Exchange Companies in India

Here is brief information about the top Foreign Exchange Companies in India. Here you will get an idea about every single Foreign Exchange company, how they perform and how they help in the transaction of the amount.

You can pick the service provider that best suits your requirements considering the details of several online money transfer options that are provided below.

Fly Finance

Fly Finance is one of the best foreign exchange companies in India. Their international money transfer service is offered by Leverage Edu‘s financial division. Fly Finance offers the best exchange rates and has no additional costs for transactions involving foreign monies.

Fly Finance makes international money transfers effortless with its fast, simple, and secure forex services. Whether you’re sending money for education, business, or personal reasons, they ensure low fees and real-time tracking, giving you complete peace of mind.

Check out the reasons to choose Fly Finance-

• Global Reach – Transfer money safely across borders with ease.
• Low Fees & Competitive Rates – Get better exchange rates with minimal transfer costs.
• Real-Time Tracking – Monitor your transaction at every step.
• Multiple Currencies Supported – Exchange INR for USD, GBP, EUR, AUD, CAD, AED, and more.

Western Union

Another foreign exchange company in India is Western Union. It combines a retail network of more than 500,000 agents with a digital infrastructure that processes an average of 24 transactions per second to provide money transfer services to all nations on Earth, except for Iran and North Korea.

The Western Union Co. (Western Union) is a supplier of international money transfer and payment services.  Check out the advantages of Western Union money transfers:

• Without leaving your house you can easily send money abroad
• Real-time tracking of your transaction
• Get uncomplicated and straightforward procedures
• Before mailing, use their app to get a price estimate.

PayPal 

Paying online is quick and secure using PayPal, another best foreign exchange companies in India. They assist you in making purchases at more than 200 global markets and millions of online shops without having to deal with currency conversion. Downloading their app and creating an account to send and receive money are both free. 

Check out the benefits of using PayPal:

• They make every effort to keep your financial information safe when you pay your bills, send money, or make purchases.  
• It’s unnecessary to enter all of your financial information every time you shop, which saves time. You can finish the checkout quickly.  
• Signing up for PayPal is free, and you may use your PayPal balance or bank account to send money to family and friends in the United States for no additional charge.

Transfer Wise 

The new method of sending money overseas as quickly and inexpensively as possible is called TransferWise. For anybody who lives, travels or conducts business across borders, they are developing a better, more affordable, and fairer system.

Check out the benefits of using TransferWise services:

• Wise is regulated around the globe, and employs encryption and 2FA for logins, passwords to transfer money, and 3DS for card payments.
• By law Wise has to ‘safeguard’ your money – furthermore, Wise has an in-house security staff to detect fraud and keep your money and data secure

OFX

OFX, another top foreign exchange company in India distributes money in over 55 different currencies to over 190 different countries. Additionally, there is no limit on the amount of money you can send or how frequently you can do it.

However, OFX is not a good option if you’re looking for a service that allows you to send money to someone who doesn’t have a bank account.

Check out the advantages of OFX forex services:

• More than 190 countries and 55 different currencies support transfers.
• There is no transfer cost.
• There is no restriction on the amount of money you can move or how frequently you can do it.

Currency Fair

Another top foreign exchange company in India is the Currency Fair. Customers greatly praise CurrencyFair, with 94 per cent of Trustpilot reviews rating it as “Excellent” or “Great.” A peer-to-peer online currency exchange market is called CurrencyFair.

Additionally to its Ireland headquarters, CurrencyFair has staff members in the UK, Australia, Greece, Hong Kong, Poland, and Singapore. New Zealand, Australia, Canada, and Europe.

Check out the advantages of using Currency Fair Forex services:

• More than 190 countries and 55 different currencies support transfers.
• There is no transfer cost.
• There is no restriction on the amount of money you can move or how frequently you can do it.

XE Money Transfer 

Another top foreign exchange company in India is XE Money Transfer. International transfers made through XE, which is owned by the enormously profitable business Euronet Worldwide, are regarded as secure.

Among other things, XE Money Transfer highlights its technical, security, and fraud-prevention prowess as well as its history of processing more than $115 billion in payments.

Check out the advantages of XE Money Transfer services:

• No costs. There aren’t any transactional, commission, or continuing costs.
• The ability to send money to more than 200 different countries in more than 100 different currencies. Those who need to move money regularly are drawn to their broad reach.
• When compared to other suppliers, particularly banks, their exchange rates are very competitive.
• Numerous different financial services are provided by banks. XE, on the other hand, focuses on numerous international currency markets.
• The software has a great user interface. It simplifies the process of moving money.

World First 

WorldFirst is one of the best foreign exchange companies in India. They are a global money transfer and payments company established in London that enables both individual and corporate customers to conduct transactions in more than 180 different currencies.

Its pricing is clear, with tiered exchange rates dependent on the value of the transaction. With over 27 different currencies, WorldFirst is 85% less expensive than banks.

Check out the advantages of World First- 

• Business transaction fees range from $10 to $30, whereas personal transactions are free. 
• Depending on the amounts being exchanged, exchange rates are charged in three categories 0.50%, 0.25%, and 0.15%.
• 180+ different currencies are supported by WorldFirst. This can be a big benefit when shipping to areas with less popular, unusual currencies.
• WorldFirst offers products and support for clients who shop online and on marketplaces. Money transfers are only one aspect of the value; WorldFirst also provides a layer of differentiation.

Travelex 

Travelex is a popular international money transfer company that lets you make remittances via their app or the Internet. You just have to register, choose an international bank account, and send money online within minutes.

A reliable source of travel cards is Travelex. Travelex, which serves millions of consumers worldwide, has a 9.0/10 reputation for reliability and great credibility and a 9.3/10 rating from customers.

Check out the advantages of Travelex-

• Their international money transfer service makes it simple, economical, and quick to send money abroad.
• Travelex International Money Transfer has teamed with the international payment platform NIUM to offer this service.
• You can use the Travelex International Money Transfer website’s 24/7 service to send money to relatives and friends anywhere in the world whenever you choose. Simply choose your destination country and initiate the procedure.

HiFx 

HiFX was a payments processor and foreign exchange broker situated in the UK. Now part of XE, HiFx offers international money transfers and foreign exchange services. It operates under XE’s brand in India.

New users can access HiFX by logging into a joint XE/HiFX account, but HiFX also has its own special money transfer facilities. 

Check out the advantages of using HiFx forex services:

• AI for Payment Behaviour & Marketing Personalization.
• Gaining customers online while maximizing budget use.
• Structured Risk Management for Compliance and Fraud Detection.
• Designing with governance and transparency in mind.

List of RBI-approved Full Fledged Money Changers

Full-fledged money changers (FFMCs) are authorized by the Reserve Bank of India (RBI) to provide foreign exchange services, including currency exchange and international money transfers. 

These FFMCs help individuals and businesses with forex transactions while ensuring compliance with RBI regulations. Below is a list of some RBI-approved FFMCs along with their respective states.

Serial Number	Name of Foreign Exchange Dealer
1	Travel Express Ltd.
2	Swift Forex Pvt. Ltd.
3	Travel Club
4	Sambtek Forex
5	Manjeera Hotels and Resorts Ltd.
6	DSR Forex Pvt. Ltd.
7	Aerowise Travels & Forex Pvt. Ltd.
8	Sai Forex Pvt. Ltd.
9	Tirumala Travels Pvt. Ltd.
10	Jyothi Muthyala Forex Services Ltd.
11	Gem Forex Pvt. Ltd.
12	Hyderabad Forex Pvt. Ltd.
13	Shanti Forex Pvt. Ltd.
14	Secure Forex Pvt. Ltd.
15	Focus Forex Pvt. Ltd.
16	Horizon Travels Pvt. Ltd.
17	ATW Forex & Travels Pvt. Ltd.
18	Fast Forex Pvt. Ltd.
19	Lorven Forex Services Pvt. Ltd.
20	Laxman Forex Travels & Real Tours Pvt. Ltd.
21	Atluri Travels & Air Forex Pvt. Ltd.
22	Jain Forex Pvt. Ltd.
23	Skylight Forex Pvt. Ltd.
24	Ali Forex Pvt. Ltd.
25	Zen Forex & Management Pvt. Ltd.
26	Armenia Financial Services Pvt. Ltd.
27	Southern Forex Pvt. Ltd.
28	Sensage Financial Service Pvt. Ltd.
29	Sai Money Exchange Pvt. Ltd.
30	Seven Hills Forex & Travels Pvt. Ltd.
31	Rajesh Money Changers Pvt. Ltd.
32	Darshan Money Changers Pvt. Ltd.
33	Raju India Money Changers Pvt. Ltd.
34	Precise Forex Pvt. Ltd.
35	Kapnox Forex Pvt. Ltd.
36	Sika Forex Pvt. Ltd.
37	Sree Vimalnath Forex Pvt. Ltd.
38	Mohammedia Forex Pvt. Ltd.
39	Victory Forex & Travel Services Pvt. Ltd.
40	Onestop Forex & Holidays Pvt. Ltd.
41	Saral Forex & Money Services Pvt. Ltd.
42	Visakha Forex Pvt. Ltd.
43	Al-Irfan Forex Pvt. Ltd.
44	Palguni Travels & Forex Pvt. Ltd.
45	Watermark Forex Pvt. Ltd.
46	Sriven Forex Pvt. Ltd.
47	Safa Forex Pvt. Ltd.
48	Sudha Forex Pvt. Ltd.
49	Al-Amodi Forex Pvt. Ltd.
50	Zube Millenium Forex Pvt. Ltd.
51	M/s Shirdi Sai’s Fortune Pvt. Ltd.

Also Read: Discover the list of Small Finance Banks in India. Explore the range of financial services they offer, including loans for small businesses and farmers.

Top 20 Foreign Exchange Banks in India

India’s foreign exchange market is served by a diverse range of banks, including public-sector banks, private-sector banks, and foreign banks. 

These banks are authorized by the Reserve Bank of India (RBI) to deal in foreign exchange and are members of the Foreign Exchange Dealers’ Association of India (FEDAI). 

Below is a list of banks that exchange foreign currency in India:

Serial Number	Bank Name	Category
1	State Bank of India	Public Sector Bank
2	Bank of Baroda	Public Sector Bank
3	Bank of India	Public Sector Bank
4	Canara Bank	Public Sector Bank
5	Punjab National Bank	Public Sector Bank
6	HDFC Bank	Private Sector Bank
7	ICICI Bank	Private Sector Bank
8	Axis Bank	Private Sector Bank
9	Kotak Mahindra Bank	Private Sector Bank
10	IndusInd Bank	Private Sector Bank
11	Citibank N.A.	Foreign Bank
12	Standard Chartered Bank	Foreign Bank
13	HSBC	Foreign Bank
14	Deutsche Bank	Foreign Bank
15	Barclays Bank PLC	Foreign Bank
16	BNP Paribas	Foreign Bank
17	JPMorgan Chase Bank N.A.	Foreign Bank
18	Bank of America N.A.	Foreign Bank
19	MUFG Bank, Ltd.	Foreign Bank
20	DBS Bank Ltd.	Foreign Bank

These banks are integral to India’s foreign exchange ecosystem, providing a range of services including currency exchange, international remittances, trade finance, and hedging solutions.

Their extensive networks and expertise facilitate efficient foreign exchange operations, supporting both individual and corporate clients in managing their international financial transactions.

This was all about the top foreign exchange companies in India. Check out the FAQs below for more information.

FAQs

To learn more about education loans, the best bank accounts for students, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.

Additional Reads
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List of Private Banks in India	List of US Banks
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List of Approved Foreign Universities for Education Loan	List of Banks with Zero Balance Accounts in India

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