Are you an Asian who relocated to Australia for higher education or better job opportunities?
If so, you may need to transfer or receive money from abroad while you are here.
Many people relocate to Australia in the hope of finding well-paying career opportunities. It will allow them to support their families better back home.
However, international money transfers can be expensive and time-consuming with multiple currencies, financial institutions, waiting periods, and taxes.
Are you curious about how money transfer apps work and how you can conveniently send money to India or Pakistan?
Here we go!
How Do Online Money Transfer Applications Work?
A digital money transfer is an electronic method of transferring funds from one's bank account to that of a family member or acquaintance. This process is carried out with the involvement of banks of senders and receivers of money.
Dedicated money transfer applications, on the other hand, are not the same as transferring funds via your online banking account.
Due to their independence from banks, money transfer apps can transfer money without encountering the difficulties that come with doing so across bank accounts in various countries.
With a money transfer app such as ERemit, you can effortlessly send money to Pakistan or India.
Advantages of Sending Money Using a Money Transfer App
It would be best if you considered using a money transfer app to send money abroad for multiple reasons. Here are a few:
1. Transfer Funds at Any Time
Money transfer applications are easy to use and enable you to transfer funds anytime. Since such apps run online, you only need a smartphone or computer and an uninterrupted internet connection to carry out the transfer.
You don't need to visit a physical agent to help you transfer funds or wait in a long queue. You can choose to transfer money at a time (day or night) convenient for you.
2. Multiple Options for Currencies
Apps for money transfers accommodate multiple currencies. You may browse a list of the supported currencies, and your preferred money transfer app will also determine your exchange rate.
3. Transparent Fees
Using digital money transfer apps is quicker, more affordable, and more reliable than traditional financial institutions. Such apps also provide better exchange rates.
With digital money transfers, you are mostly aware of all the upfront costs before you make the payment. And in the case of service providers such as ERemit, there are no hidden fees. ERemit will make no deductions on the amount given to the beneficiary.
Send Money Online to Asian Countries Using Eremit
With ERemit, you can send money to not just India and Pakistan but 44 other countries. Here's how:
- Sign up on our ERemit app with your email address and registered Australian mobile number for free.
- Provide a copy of your passport or driver's license, and enter your details to confirm your identity.
- Enter the amount, and we'll show you the exchange rates and our fees upfront.
- Fill in the address and bank details of your recipient.
- Complete the payment transaction with POLi.
Once you complete the steps mentioned above, we'll handle the rest. Your money will be sent to your beneficiary without delay, and you can track your transfer request online or in our ERemit app.
