Traditionalist remitters have always favoured the traditional remittance methods, with these remitters having been cautious of the latest online entrant in the remittance space. However, even many of these traditionalist remitters have accepted the usefulness and the beneficial nature of the online remittance services. Many of them have accepted the notion that online remittance services provide attractive exchange rates and minimal/low transfer fees. Many of them are convinced that the best way to transfer money to India is the online remittance platform.
What makes these senders very happy is the cost-effectiveness and speediness of these online remittance services. The receiver receives more money in his hands. Thus, online remittance services represent a win-win option for senders and receivers. Receivers receive money online in India in different ways. Either the money is transferred directly to their bank accounts in India or the money is sent directly to the house of the receiver via a courier service. With such comforts, it is natural for remitters to be attracted to the online remittance option.
Online remittance services guarantee the security and secrecy of your transactional details. Privacy is valued by remitters a lot. Online remittance providers, with their state-of-the-art technological systems, are able to guarantee the privacy of transactional details. In case anything goes wrong, which is rare, some online remittance providers provide insurance to the affected customer.
Thus, online remittance services are likely to expand in the coming years, with its list of subscribers set to increase even more in the future.
