International money transfers have become crucial for personal and business activities, with the world becoming more connected. Whether sending money to your family living abroad or making cross-border payments for your business needs, picking the right money transfer provider is essential.
While the expat population comprises almost 88.52% of the country’s population, it is no wonder why the UAE is the second largest contributor in the world in terms of foreign remittances.
One of the most important considerations for any overseas worker is how easy it is to send money home. Indian expats are some of the most prolific overseas workers and represent a significant majority in the UAE.
Approximately $550 billion in remittances are sent to the developing world from the developed world. Transferring money to your family is essential if you need to support them.
The invention of online banking has transformed a hectic and lengthy process into a quick and secure method of sending money. According to the Nilson report, around 1.01 billion online transactions occur worldwide.
Employers can pay domestic help conveniently, instantly and cashless, thanks to payit in just a few clicks.
International fund transfers to more than 100 corridors