REMITLY - All required important information of a leading money transfer service provider (2024)

Brief Summary for Remitly (-INR)

Remitly is a dependable and reliable provider of global money transfer services that offers competitive exchange rates for converting British Pounds to Indian Rupees, making it possible for people to transfer money from the UK to India. Ensuring customer satisfaction is a top priority for Remitly, and it guarantees the security of all transactions. Remitly is highly efficient, offering fast payment methods and has received positive feedback from its customers. As a trustworthy peer-to-peer currency exchange platform, Remitly provides a fast, secure, and cost-effective solution for individuals and businesses that require international money transfers.

Remitly offers several payment methods with best to INR exchange rates. You can either choose to make a card payment, that is, you can use both debit or credit card, or you can choose direct debit. The receiver will get the funds in their bank account, as they do not have any cash pick-up points in India. Irrespective of the payment method, the receiver will get the fund in their bank account in about 4 to 5 business days. You can send up to 25,000. For Direct Debit, there is a fee of 1.99 for transactions between 10 and 25000 . A noteworthy point is that the card transfer may not have competitive exchange rates compared to its counterparts, and the currency exchange rate may vary depending on the amount being transferred.

Remitly is a renowned company that offers worldwide money transfer services and provides attractive exchange rates for converting Pound Sterling to Indian Rupee, making it possible for people in the UK to transfer money to India. Furthermore, the company has loyalty incentives and referral schemes available for its current customers who wish to send money to India.