BFC Forex & Financial Services Pvt Ltd.

BFC Forex and Financial Services Pvt Ltd (BFC Forex) was established in 2009 and is part of BFC Group Holdings, the parent company to Bahrain Financing Company (BFC) in Bahrain, Bahrain Exchange Company (BEC) in Kuwait, BFC Exchange Ltd in the United Kingdom and BFC Exchange in Malaysia. It is licensed as a Full Fledged Money Changer (FFMC) granted by the Reserve Bank of India (RBI) and specialize in buying and selling foreign currency to retail, corporate and wholesale customers including, RBI authorised FFMC’s, AD II’s, Banks and travel agents. It has the ability to export surplus foreign currency notes to overseas banks through our own export centre in Cochin and in addition are approved by the RBI to import foreign currency notes to cover shortfalls due to heavy demands during peak seasons. Under the Money Transfer Service Scheme (MTSS), BFC Forex is authorised to undertake cross-border money transfers into India and is the principal agent for EzRemit Money Transfer and a sub-agent for MoneyGram and Xpress Money.