| Foreign Exchange | Money changing, outbound and inbound remittances, prepaid and gift cards, travel insurance | Extensive network of branches, exclusive Western Union counters, strategic partnerships with banks and remittance leaders | Retail and corporate clients, banks, NBFCs, remittance partners (B2B and B2C) | Remittance services and prepaid card commissions yield higher margins | 9154 | 100 | Fees and commissions from forex transactions, remittance services, and prepaid card distributions | Transaction-based fees, service charges, and commission sharing with partners | Rising cross-border money flows, strong tie-ups with global remittance players, corporate forex demand | Western Union Money Transfer, Citibank World Money card, Axis Bank Travel Money Card |
