Transferring money now made simple and safe

With an increasing number of Indians living abroad, either for work or having settled there and numerous freelancers working on international projects, the foreign exchange remittances into our country has boosted up in the past few years.

Indians living and working abroad sent home a whopping $55 bn this year as compared to $49.6 bn last year, according to World Bank’s Migration and Remittances Fact book 2011. India and China account for almost a quarter of the worldwide remittance flows of $440bn in 2010.

Overseas Indians have once again topped the world in sending money back home and with bank rates for rupee as well as foreign currency deposits on the rise; it’s not surprising that Indian companies are making renewed efforts to attract this money.

Indian companies are now taking strides in science and technology with which the horizons of the world have broadened. People prefer fast, easy and inexpensive ways of money transfer and expect the customer service to be excellent and professional. With the advent of digital as a medium, distant possibilities have been made achievable. For instance:- online money transfers are already playing a major role in cross border remittances.

Online money transfers have simplified life, eliminated the need to use cheques or even go to a bank. The best advantage of online money transfer is that the receiver is able to receive the payment or money within a short span. They are bank neutral and provide flexibility. Many money transfer service providers have developed innovative methods for payments. The Online money transfer is fast, convenient, accessible, transparent and safe mode of transferring money.

Today everything from communication to shopping to money transfer has become instant and that too by just a click of a button. No longer do you have to spend sleepless nights worrying over whether or not your payment reached the business or beneficiary (the receiver). Today it is simple- just log on, send the payment and get a receipt of the transactions.


4 Responses to Transferring money now made simple and safe

  1. Rose says:

    Thanks for putting so much effort into this blog. It is looking good.

  2. Agree with Rose. really well written and thought out article

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