New Delhi, Aug 31: Digital foreign exchange services are gaining traction in India, with forex transactions through NBBL’s Bharat Connect platform crossing ₹11.19 crore between April and July 2026.

The sharp rise in transaction value highlights growing consumer acceptance of digital channels for foreign exchange, as customers increasingly look for simpler, more transparent and convenient ways to access forex services.

The forex category on Bharat Connect was launched in 2025 in partnership with the Clearing Corporation of India Ltd.’s FX-Retail platform. During FY26, the platform processed forex transactions worth around ₹2.71 crore. With the latest four-month performance, the cumulative transaction value has reached approximately ₹13.90 crore.

The service allows customers to access forex through participating banking and digital platforms, including facilities for purchasing foreign currency, loading forex cards and making eligible outward remittances. The integration with FX-Retail provides customers access to real-time pricing, helping them compare available rates before completing transactions.

The growing adoption comes as digital financial services continue to expand beyond traditional banking transactions. By bringing forex services onto an interoperable digital infrastructure, Bharat Connect is helping reduce dependence on fragmented and largely offline processes.

The platform has also seen an increase in larger-value transactions, reflecting greater customer confidence in digital forex services and the benefits of transparent, market-linked pricing.

The latest milestone underlines the changing way Indian consumers access foreign exchange, with digital platforms increasingly becoming a preferred route for services linked to international travel, overseas education, remittances and other cross-border needs.

With transaction volumes rising rapidly in the first four months of FY27, Bharat Connect’s forex offering is emerging as another example of India’s expanding digital financial ecosystem and the growing demand for convenient, transparent financial services.