Traditionally, migrants who are staying abroad get a taste of responsibility when it comes to transfer of money to their family in India. Earlier in such situations migrants who wanted to transfer money to their homes either visited any money transfer agents or preferred going to their near by bank. As a result, there are a handful of big players who have dominated the money transfer market. However, with more people gaining access to the Internet, online money transfers are becoming more popular. The viability of online transfers has significantly leveled the playing field in the money transfer market, and a number of online money transfer companies have been launched to compete with the traditional money transfer providers.
Money is electronic these days, and that makes it easier to send money to friends and businesses. With internet, the process to transfer money online to India has become more easier. You can transfer funds to anyone who has a bank account. So. when you need to move money from one account to another, it should be a quick and simple process. So why to transfer money online to India? Because it’s faster, more convenient, and designed to meet a customer’s need. It offers the ability to manage your account, pay bills, provide financial support – on the go, from wherever you are, with just a few taps or clicks. It simply takes the money transfer process to a whole new level. If you’re exchanging money through your bank, you’re probably not getting the best deal on exchange rates as you would through specific money transfer services. Your bank offers many products and services, and might not be as focused on international exchange rates as you would like. Instead, money transfer companies work to find the best exchange rates possible.
Is online money transfer really safe? Yes. Numerous safety measures are in place to ensure that your money goes exactly where it needs to go. Multiple layers of data encryption are used for online money transfers. Few money online money transfer service providers even has an open market where users can propose deals on their own terms. Instead of relying on your bank because you’ve always worked with them, try out the exchange rates here instead. By using an online money transfer, you can exchange funds wherever you are that has a secure internet connection, whether you are at home or at your work place. If you’re balancing a life between your home country and your work, don’t let your money get lost in between. There are plenty of providers looking to skim fees and commissions off the top, so opt for a reliable money transfer service instead. RemitGuru is among the most popular digital payments platforms in India and has seen tremendous growth in user base and transactions