Compare money transfers from India to Hong Kong

The Best Services to Transfer Money from India to Hong Kong

For two countries that are close and within the same continent, there will always be a need to transfer money. The number of businesses and corporate organizations in Hong Kong is quite much. This is also evident in major cities in India, as there are so many commercial activities and financial transactions happening daily. There are also business engagements between India and Hong Kong that enhances the need to transfer funds. People also send money for personal purposes.

Consequently, these businesses and individuals seek the best way to transfer money from India to Hong Kong. One important factor they consider is the delivery option to bank accounts through online payments. In this article, you will get to know the reliable means to wire money from India to Hong Kong.

How to send money from India to Hong Kong

You can send money through Money transfer services. They provide the cheapest ways to send money from India and Hong Kong. The process of transferring cash through these services are similar and usually simple and convenient to use. The steps that are involved include the following:

1. The first step is signing up on their website and create an account
2. Generate a transfer request on the customer panel and provide the information of the receiver.
3. Select a payment option for the transfer. You can choose either an e-transfer, debit, or credit card.
4. Click send and the service provider completes the transfer.

Which service is best to use?

Some of the most reputable and reliable platforms through which you can transfer money to India to Hong Kong include:

• TransferWise: If you have much concern about the security and fast processing of your transactions, you should use TransferWise. They offer international transfer options to numerous countries. TransferWise also provides different currency pairings on their platform.
• WorldRemit: This is one of the best services to transfer money from India to Hong Kong. They are widely known for their financial operations that cover mobile money and remittances. 
• OFx: This is a foreign exchange company domiciled in Sydney, Australia. They offer exchange rates that are cheaper than that of most conventional banks. OFx also provides secure transactions for its money transfer services. 
• InstaReM: With its head office in Singapore, a popular Asian city, this Fintech Company handles international transfers for corporate businesses and individuals. InstaReM services are secure and quick; they operate in more than 60 countries.
• Digibank Remit: This international money transfer platform provides a secure service for the payment of funds and offers remittance services. The fee for transactions is low, especially payments to Hong Kong.

We always want the best of everything. The best service to use for your transfers, whether for personal or business purpose, depends on your preference. However, the features on the money transfer services available should determine your preference. The factors on these platforms you should consider include currency pairings, delivery and payment methods, transaction fees, processing time, and supported currencies.

How much does it cost?

The cost for cash transfers and currency exchanges are different for each platform. More so, most of these service providers usually charge a percentage of the transfer amount, often between 0.1% and 0.6%. In like manner, for currency exchanges, a mark-up of the marketplace index of currency pairings is the charge.