As the Holy Month of Ramadan draws to a close, many expats living abroad will be thinking about sending money home to their loved ones. After all, the festival of Eid Al Fitr is one of the most important religious holidays in the Islamic calendar, and if you can’t join them then you may like to contribute towards the celebrations.
Among the countries with the biggest inflow of remittances is India. With a large Muslim population, we expect the amount of money moving to India to increase substantially over the next couple of weeks.
Let’s say you’re a husband or a wife living abroad, and you’d like to send money home to your spouse and children in the south Indian state of Tamil Nadu. You need a secure and convenient way to transfer your money, so you feel confident that your family will receive it safely and on time. But with a variety of services to choose from, including banks, traditional remittance services and newer online platforms, how do you narrow down the options?
Convenience is a key consideration. If you want to send cash, you need to pick a money transfer service with a sizeable network of agents. That way, your beneficiary won’t have to travel too far to collect the money you sent. With more than 60,000 locations, Xpress Money has one of the largest networks in India.
You should also consider the cost of transferring money to India. According to the World Bank, some service providers charge as much as 10% to send money to India while at Xpress Money, our global average cost is just 2%. What’s more, if it’s a cash transfer your money will reach your beneficiary within minutes.
Peace of mind is important too. You’ve worked hard to earn your money, and you want to treat your family on this special occasion. Xpress Money has been operating in the remittance business for 18 years and has earned the trust of thousands of expats over that period. One reason customers trust our service is because you know where your money is at all times thanks to our transaction tracker system. You also receive a text message to confirm your loved ones have received the money. And if you have a question, you can call our customer support team at any time.
Whether or not you’re celebrating with your family, we’d like to wish our customers Eid Mubarak.
To find out more about sending money abroad with Xpress Money, please click here.