- The remittance transactions can be conducted from the comfort of your armchair at your home or office.
- Time is not a constraint as online remittance service is available 24 hours a day and seven days a week.
- Money can be transferred from UK to India in 2-3 working days.
- You always have the facility to keep a track of your transactions conducted through online remittance.
- All the transactions are supported by the service providers andguarantee the remittance to the right person guarantee the remittance to the right person.
- It supports multiple exchanges, hence provides the receiver with the exact exchange rate of any currency.
- The remittance charges are nil or minimal depending on the country and the amount remitted.
- Online remittance is beneficial to the end-user of the system as it provides the facility to track the status of the remittances online.
- All the transactions are encrypted and hence there is no chance of any other party to steal a look.
- You did not have to visit any retail outlets or branches to conduct money transfer.
- The problem of in-transit loss of cash can be resolved as there is no involvement of hard cash in internet money transfer.
- You can send money electronically to your friends and family through bank account details.
- Internet money transfer is not restricted to just one country as money can be transferred anywhere in the world.
All the above benefits provide evidence that customers have become more comfortable with online remittance while sending money to India from UK. It is a comprehensive remittance service which has been designed using new technology with the support of financial institutions. Hence, online remittance has become an independent and healthy platform which integrates the transfer operation by saving a great deal on transaction costs.
