A regular remitter normally searches for a remittance service, which provides efficiency, reliability and cost-effectiveness. Loads of overseas Indians in the UK practice online money transfer as they deem that online money transfer to India from UK is stress-free, smooth and fast. With economic globalisation occurring steadily, migration is also increasing rapidly . Because of that, the need for remitting money from overseas to India also exists. It is natural that the migrant workforce overseas desires to remit a portion of their hard-earned income to their loved ones in India. The reason could be to support their Indian friends\ relatives or to increase their bank balance in their Indian bank account.
Even if a transfer fee is levied, it is low and much lower than the transfer costs of traditional transfer methods. Thus, with online money transfer services, there is a cheap money transfer to India with no hidden fees.
Online money transfer services remit money faster than conventional money transfer services, with the latter taking much more time to transfer money to India. The ability to track the status of online money transfers is an added advantage of online remittance services. This facility is not available in conventional money transfer methods.
Thus, when such facilities are provided by the online remittance platform, it is natural for the senders\receivers to send and receive money online India.
