SANTA CLARA, CA, June 18, 2020: CompareRemit, the world's biggest online marketplace for cross-border money transfer service providers on boards XE Money Transfer.
CompareRemit has facilitated the savings of millions of dollars for its users with its partnership with leading money transfer service providers from across the globe. The addition of Xe to its portfolio furthers this commitment, as CompareRemit expands its network of cross-border money transfer channels and offers users the most convenient and comprehensive experience at the lowest cost available.
CompareRemit's CEO, Rajeev Shrivastava said, "Xe's focus on providing foreign exchange transactions at zero transfer fees is a great fit with CompareRemit's mission to bring more transparency and drive fair competition that benefits both the remitters and remittance service providers in the cross-border money transfer industry."
CompareRemit continues to work with other major players such as Xoom, Western Union, and Remitly among others, empowering millions of migrants to send money to their loved ones with the power of choice at their fingertips around the globe.
Xe Money Transfer is a service provided by HiFX Canada Inc. An expert authority in the currency world for over 25 years, Xe serves individuals and corporations around the world with a wide range of money transfer and foreign exchange needs. Most popular for its currency conversion services, it offers fast and easy online money transfers from Canada to over 130 countries and 65 currencies worldwide including CAD, GBP, and AUD.
About CompareRemit: CompareRemit is a world leader in the online marketplace for cross-border money transfer service providers featuring the world's top money transfer companies and banks. CompareRemit offers a mutually beneficial ecosystem where cross-border money transfer companies can reach the niche remittance audiences and where, remitters have free access to an easy-to-use marketplace that satisfies all their remittance needs.
New York, 27/05/2023 – Taptap Send, the innovative mobile money transfer application, is proud to announce its partnership with leading remittance solution provider CompareRemit.com. With a focus on empowering immigrants, Taptap Send simplifies the process of sending money back home to India, Pakistan, Philippines, Bangladesh, Sri Lanka, and Nepal.Sending money across borders has long been a complex and expensive endeavor for immigrants supporting their families and loved ones. Taptap Send was developed to address these challenges, providing a user-friendly mobile application that streamlines and optimizes the money transfer process, all through the convenience of a smartphone.Taptap Send offers a range of features designed to enhance the experience for immigrants sending funds back home:Competitive Rates and No Transfer Fees: Taptap Send leverages technology to streamline operations, resulting in more affordable transfers compared to traditional methods.Mobile Accessibility: The Taptap Send mobile application ensures users can initiate money transfers anytime, anywhere.Transparent Pricing: Users are provided with upfront information on exchange rates, allowing them to make informed decisions and have a clear understanding of the total cost of the transfer.Taptap Send aims to break down the barriers faced by immigrants when sending money back home, enabling them to provide vital support to their families and communities with ease and efficiency.Through its partnership with CompareRemit.com, Taptap Send further expands its reach and impact, offering immigrants a comprehensive range of remittance solutions tailored to their specific needs and requirements.To learn more about Taptap Send and explore the various money transfer options available for sending funds to India, Pakistan, Philippines, Bangladesh, Sri Lanka, and Nepal, please visit the Taptap Send website.About Taptap Send:Taptap Send is a mobile money transfer service that simplifies and enhances the process of sending funds internationally. Designed with immigrants in mind, Taptap Send offers a user-friendly mobile application that empowers users to initiate money transfers conveniently and affordably, providing vital support to their families and loved ones across borders.Media Contact:Name: Anthony JacobTitle: Head of Growth, South AsiaEmail: [email protected]
The Indian Rupee has closed at a 20-week low against the US dollar. Paired with the unexpected outcome of the US presidential election this past week, the main reasons for dragging the rupee down can be accredited to the strike on black money via demonetization of high-value currency notes and weak industrial output. The US currency, in turn, has strengthened based on speculations that the policies of the US President-elect Donald Trump would be inflationary and lead to a rise in the interest rates, thus impacting foreign money flow to emerging countries like India.Foreign investors withdrew over Rs. 2,350 crore from the stock markets as the US-backed assets are looking more attractive and as a result, the economy is expected to improve in the coming quarters.According to India ratings, the sudden decline in money supply and a simultaneous increase in bank deposits - due to withdrawal of 500 and 1000 rupee notes - will adversely impact consumption demand in the economy. This, coupled with the depreciation of real estate, construction and informal sectors, will further weaken the rupee in the upcoming months. It is very much possible in the upcoming months, as well as even forecasted by many agencies, that US Dollars will become stronger against Indian Rupees. All this means is that the spending power of the NRIs will increase, leading to a rise in the remittance flow to India.Compare. Save. Send Money Home Wisely.TODAY'S BEST RATE USD to INRAdditional ReadingHow will India's Currency Ban Affect NRIs in the USA?How India's currency ban of Rs. 500 & Rs.1000 will affect NRIs?How much Indian Rupees can one carry to India?
The leading cross-border money transfer comparison portal expands corridor offering to cater to the growing Canadian immigrant marketSANTA CLARA, CA, November 14, 2018 - CompareRemit, a leading online money transfer comparison marketplace, has announced the launch of a new corridor from Canada to India. The marketplace currently offers money transfer channels from the United States and the United Kingdom.According to the Canadian International Development Platform, in 2016, an estimated $23.3 billion was sent from Canada to other countries such as China ($3.9 billion), India ($2.6 billion) and the Philippines ($2.2 billion). With the immigrant market in Canada continuing to see steady growth, CompareRemit seized this opportunity to grow with it and offer users a simple and seamless method for money transfer, while also broadening the market for its wide array of transfer company partners, according to CompareRemit CEO Rajeev Shrivastava."We are excited to add this new Canadian corridor to our platform," he said. "With the addition of a new corridor, CompareRemit now has its presence in the three largest remittance sending countries the US, the UK, and Canada, which gives our users more options than ever to send money overseas."CompareRemit has helped in seamless money transfers of over $1 billion annually with its partnership with leading money transfer service providers from across the globe. With the addition of a new send corridor from Canada to India, CompareRemit is committed to expanding the network of transfer channels to offer users the most convenient and comprehensive money transfer experience available.About CompareRemit: CompareRemit is a leading money transfer comparison portal with the world's best money transfer companies all at one platform. From becoming the first company to offer remittance rates on smartwatches to offering the widest selection of money transfer companies; CompareRemit has emerged as a leader in the industry. CompareRemit offers a mutually beneficial ecosystem where money transfer companies can reach the niche remittance audience while providing users with an easy-to-use platform where they can satisfy all their remittance needs.
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