India is one of the world's leading countries in terms of remittance receiving. Since 1991, India has been steadily experiencing great remittance growth, and continues to be on that track.
Indian remittance 20 years ago was valued at 2.1 billion USD and has since experienced exponential growth, now valued at over 70 billion USD. With a number of corridors and the United States being a leading remittance source country, many banks and remittance service providers have participated in offering money transfers and turned remittance into a booming business.
Each day, banks offer a different transfer rate to send money to India, and CompareRemit displays it all on one platform. Users can compare rates side-by-side and select a company to transact with based on all the information we provide.
CompareRemit makes transferring money to India an easy process, allowing users to assess transfer rates side-by-side and select the best value for their dollar.Users can compare, choose, and review exchange rates, transfer fees and other information from the most well-known and popular service providers to India, all in one place.
Helps remittance users to find the best way to send money abroad to their loved ones, friends and family
Makes it easier & more profitable for businesses to make international payments & global transfer
Creates a marketplace for money transfer providers to reach out to a highly valuable remittance audience
Every morning, the first thing I do is refresh the CompareRemit page on my phone browser. It used to be a search for "dollar rate in India today" on Google. After CompareRemit, I have registered to half a dozen online services and choose the best one on pay day to remit money to India.
CompareRemit has helped me save lots of money by being able to compare the rate of exchange on multiple websites as well as the transfer fee. With so many fish in the pond, it's difficult to choose the best one, but CompareRemit makes it so easy. Thanks to the team for this amazing service!