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Forex markets are the largest financial markets of the world and as per the world bank report 2018 , the international FX remittance industry is expected to reach over $500 billion. Hence the global community is looking for latest technologies that can improve the efficacy of the international transactions in FX and make them faster and safer. International remittance industry has an involvement of households, businessmen, corporate, governments banks and other financial institutions and hence include a wide array of monetary transactions which are sometimes huge in size and is required to be conducted on high priority and sometimes in critical emergency. Therefore it is indispensable now to have innovations and participation of technology efficient enough to  handle the huge volumes of these cross border FX transactions and at the same time make them faster and utmost guarded ,secure and cost effective to execute.

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