You have many remittance options available for you nowadays to send money to India. The number of available options to choose from has increased to the point where it becomes a tiresome exercise to pick one.

But have you ever thought about why it is so? Why has the number of options grown so much? What factors drive the diversity of options, and what factors should you consider while choosing your options?

This blog will help you explore different options and answer all the questions so that choosing an option becomes easy for you.

A brief background about the diversity of options and what highlighted the diversity in remittance service.

In the days of yore, banks monopolized online money transfers. Because of being the world’s most trusted and reliable financial institutions, banks commanded wide respect as they dispensed cost-effective financial services on a large scale.

Expatriates earning a living in a foreign land would transfer funds through banks despite the time the institutions took and the hefty fee they charged.

These were big challenges for the banks that they are still trying to overcome.

But people did not realize these were the challenges. The time transactions took and the hefty fee charged was taken for granted for being part of the process.

But then the largely tech-driven 21st century dawned!

It brought with it the advent of several online money transfer companies, including ACE Money Transfer.

These companies offered unique services and treated remittances differently. Where sending remittances through banks was quite a task, the remittance transfer companies made the task easier and more fun.

It was then that the people realized how big the challenges of time and fee, etc., are while transferring funds through the banks, as these companies offered speed, charged a low fee, and offered much more.

Due to the presence of several such companies, the graph of global remittances moved upwards persistently.

It is not to say that the global remittances grew due to the operations of these companies. Of course, several factors are at play behind the growth of global remittances, such as the number of expatriates, their success in finding work abroad, etc.

But the smooth transfer of cross-border funds through several online money transfer companies is one big contributing factor.

A quick look at the number of global expatriates and the volume of global remittances

• UTE’s International Lounge said there are 230 million expatriates worldwide.
• Insider Intelligence reported that global remittances would reach $774 billion by the end of 2022 at a Year-over-Year (YoY) growth rate of 5.9%.
• The same report forecast that global remittances will reach $810.79 billion by the end of 2023 at a YoY growth rate of 4.7%.

Indeed, these statistics show that several online money transfer companies, including ACE Money Transfer, are taking good care of the needs and requirements of expatriates' money transfer needs.

What major benefits does ACE Money Transfer offer me in my online money transfer(s) with it?

While many companies offer services in the remittance industry, different companies offer diversified benefits.

Some may offer speed, while others offer favorable currency exchange rates, yet others offer a wider operational presence with a slow speed and uncompetitive exchange rates.

In short, there may be several such combinations.

But finding the following few critically important benefits from a single service provider at once will be quite a challenge until you decide to send your remittances through ACE Money Transfer.

Live and competitive currency exchange rates

ACE Money Transfer has linked its exchange rates with the international market, which keeps fluctuating. This way, the company keeps the rates flexible and allows customers to initiate a transaction when rates are in their favor.

This is a unique benefit that you will hardly find elsewhere and not in the banking sector.

Low transfer fees or service charges

The company charges a low fee for international money transfers. Besides, the fee structure is completely transparent, and ACE Money Transfer has maintained a transparent fee structure in the wake of several unscrupulous service providers that charge hidden fees.

Transfer time and speed

With ACE Money Transfer, you can send money to over 100 countries worldwide in a matter of a few minutes. And surprisingly, your money transfer to Pakistan from anywhere in the world will just take 7 seconds! It is a transfer speed you will find difficult to believe until you see it yourself.

Reliability and security of transactions

ACE Money Transfer has set up tight security around its online money transfers that are out of reach of scammers and are unbreachable for all practical purposes. Besides, its transfer speed leaves no room for scammers to play around with the transactions’ security parameters.

Promotions and discounts

One of the unique features of ACE Money Transfer is the launch of promotional campaigns and discounts the company offers frequently. In several campaigns, the customers are allowed to transfer funds free of cost, considering that the company wants to facilitate money saving for expatriates. While in other campaigns, the company offers huge rewards and prizes for using its money transfer services.

These are the five major benefits that you will get in your cross-border money transfers with ACE Money Transfer.

The best part is that you will get all the benefits equally without one being compromised for the other, like a company offering a speedy transfer in exchange for a high fee, etc.

ACE Money Transfer – a holistic answer to your remittance transfer questions

Money transfer to India is a routine activity for expatriates for which paying fees and other associated expenses are taken for granted. But doing so with ACE Money Transfer offers innumerable benefits from one window, a few critically important ones of which are highlighted above.