Launched in late 2019, PassTo is a London-based money transfer app that offers international remittance services in over 50+ countries, including India.
PassTo is the trading brand of BlaBla Connect Limited. As BlaBla's own mobile wallet, PassTo allows you to send money across international borders quickly at a lower cost with real-time exchange rates and no hidden charges.
Targeting mainly the expats residing in the United Kingdom, PassTo has been developed to provide seamless, cost-effective money transfer services that save time, effort, and money.
For the Indians settled in the UK, sending remittances to family in India can't get any easier and convenient than this.
The UK to India money transfer corridor is one of the top remittance corridors in the world. It is no surprise that money transfer companies compete for business opportunities in this corridor.
A British technology firm founded in 2012, BlaBla Connect Limited mainly focuses on financial services with a vision to build a bridge between the financial and telecom industries.
It owns and manages the BlaBla Connect app, an international Voice-Over Internet Protocol service with over 2 million downloads.
It is authorized and regulated by the Financial Conduct Authority (FCA) in the UK and holds the licenses of EMI (Electronic Money Institution) in Europe. PassTo is compliant and safe to use for money transfers.
PassTo app and Blabla Connect app are available for free download from Google Play and the Apple app store.
PassTo is a relatively new service in the online money transfer arena, only being launched in 2019. As an independent money transfer service, it has no allegiances to any remittance partner.
With an in-house algorithm built to compare the market on behalf of its customers, PassTo aims to provide the best exchange rates when sending money to an ever-increasing number of destination countries.
Despite the global pandemic-induced crisis and economic uncertainty last year, it proved to be a reliable and easy-to-use money transfer app thanks to its growing number of satisfied customers after its debut.
For expats sending money abroad, it proved to be a cheaper option as well.
Listed below are the services offered by PassTo:
1. International Money Transfers
You can send money overseas from the UK to 50+ countries including India, Bangladesh, the Philippines, Kenya, Uganda, Ghana, China, Somalia, and more with few tabs on the phone without leaving the comfort of your home or office.
2. Exchange Rates and Transfer Fees
Compare rates in real-time, get the best exchange rates and clear pricing for your every transfer.
3. International Airtime Top-Ups
You can send Airtime Top-ups to over 150 countries in real-time.
4. Multiple ways to receive money
Send money to over 120 cash pick up points globally or directly send to your recipients' bank account, or opt for mobile wallets
5. Open Banking
Make instant deposits from your bank account or debit card using the PassTo Open Banking feature from inside the app. No need to use different apps and websites.
Users can securely and seamlessly connect a funding source to PassTo to enable instant deposits.
6. Request Money
Request for money from your PassTo friends and family members at any time. You can send messages, reminders, and about why you need the money.
The company is regulated by the FCA in the UK and holds money transfer licenses. Your money is protected by the highest levels of security
8. Customer Service
Reach out the customer service through chat, email, and phone. The team is available for contact 24x7.
Here are the steps to send money through PassTo:
When it comes to international money transfers, there are plenty of options in the market. The right money transfer provider will depend on your transfer needs (urgency, amount, payment method, etc.)
Read more on ways to transfer money to India from the UK.
When choosing a service provider, you will need to take into account the following factors.
PassTo's user-friendly money transfer app that offers fast, cheap, and secure international money transfers with no hidden fees seems too good to be true. But then PassTo's Vice President, Abdelrahman El-Sergani said that they are always looking for futuristic solutions.