About BFC Forex
We’ve got over 100 years of experience in FX and money transfer internationally, making BFC Forex the trusted choice!
BFC Forex & Financial Services PVT Ltd (BFC Forex) is now licensed as Authorised Dealer Category II (ADII) granted by the Reserve Bank of India (RBI) and specialized in Outward Remittances for various purposes as per laid down guideline of RBI. However, we continue in buying and selling foreign currency to Individual, Students, Corporate and Wholesale customers including Money Changers & Banks. Under the MTS Scheme, we are appointed as sub- agents for Western Union, MoneyGram, Xpress Money, Ria Money and Transfast for the purpose of undertaking money transfer business in India.
Our Group History
We started in the Kingdom of Bahrain in 1917, trading in gold bullion and continually growing our services when in the 1970’s we entered the remittance market, giving the fast growing expat community the opportunity to send their hard earned money home. We are licensed by the Central Bank of Bahrain and now specialise in global money transfers, foreign exchange and wholesale currency services.
In January 2009, BFC Forex became part of BFC Group Holdings W.L.L, after the Islamic Financial Services Group – Bank Alkhair B.S.C © successfully acquired a controlling stake in Bahrain Exchange Company (BEC) in Kuwait, Bahrain Financing Company (BFC) in Bahrain, and BFC Bank Limited in the United Kingdom.
Since then, due to great success, BFC Group has grown its retail operations even further, opening up BFC Forex & Financial Services PVT Ltd (BFC Forex) in India.
In 2018, BFC Group launched BFC Payments, licensed by the Central Bank of Bahrain (CBB) as an Ancillary Service Provider with permitted activities of Card Processing and Payment Service Provider.
In 2022, BFC Group successfully completed the sale of its UK Subsidiary, BFC Bank.
Within BFC Forex we have the capability to export surplus foreign currency notes to overseas banks facilitated through our branch in Cochin; as well as this we are approved by the RBI from time to time to import foreign currency notes to cover shortfalls due to high demand during peak seasons.
BFC Forex are duly appointed sub-agents for Western Union, MoneyGram, Xpress Money, Ria Money and Transfast under the Money Transfer Sercive Scheme (MTSS).
Get Started with BFC Forex today and join the thousands of customers that trust BFC Forex for our great rates and great service.
Knowing we are part of a family who look out for one another.
We work together to create a culture of respect and appreciation for all.
Building a professional multi-cultural team, to connect with our customers.
To be the prominent money service company that fully engages with our customers, keeping money flowing across borders.
Providing trusted money services in the most caring and efficient way making a positive difference in the lives of our customers.