Money transfer landscape refers to the various ways used to send and receive money all around the world. No matter you want to send money to Pakistan, or want to send money to Nigeria, these methods are considered reliable.
Our world of transformation has experienced the digitization and technological innovation during the last few decades. With these changes, the trend of transferring money has also changed tremendously. Today, electronic money transferring has become the most trending and well-known way of sending and receiving money.
Money Transfer Industry has Evolved a lot
In today’s globalized world, money can be sent and received locally as well as internationally. Technology has surprisingly broken the boundaries between countries. The most trending and well-known channel of sending money is electronic transferring of money, provided by the money transfer companies. Some of the most popular money transfer services are wire-transfer, mobile devices, and online money transfer. Money transfer industry has evolved a lot over the last few decades and it’s still transforming. It has become one of the most profit-making businesses in the world today, especially if you want to send money to Ghana, Gambia, Bangladesh, Philippines and Nepal. Money can be sent within a few moments without any delay and inconvenience.
With the increased comfort provided by technology, anybody can easily argue that security issues are among the major shortcomings of the current money transfer system. Everybody, including good and bad minds, has access to the technology and could be utilized for a threatening activity. Also, there are no regulations over transfer fee which gives freedom to money transfer companies to charge whatever they feel like.
Dedicated money transfer companies are able to provide you services with low exchange rates and competitive market performance. Many companies in money transferring business offer the service but it depends on what amount of money you are sending and where it needs to go. In order to choose wisely, it is necessary to analyze different companies according to the rates at which they are offering the service.
Best Money Transfer Companies
ACE Money Transfer:
If you want to transfer money internationally, ACE money transfer is best to send money online. This is known for cheap transfer fees. Moreover, it has an extensive number of customers all around the world. Being one of the largest money transfer business in the world, the aim is to fulfill the needs of people who belongs to developing countries. Without any processing fee, you can send any amount of money to 127 countries.
Transferwise enables you to send money abroad with lower transfer charges. It doesn’t charge any exchange-rate markup. Transferwise offers you to send money to 58 different countries through bank-account-to- bank accounts with no cash pick-ups.
If your money needs to be sent urgently, CurrenyFair is the best service to avail. It is an online peer-to-peer currency exchange service and it allows you to send money instantly while converting currency for a small fee but the processing fee can vary according to the currency you want to transfer.
Ria Money transfer:
If you want to send money to a country that most of the money transfer companies do not offer then you might like to go for Ria money transfer. This money transferring company offers services at 314,000 locations in 144 countries.