Compare money transfers from Malaysia to India

The best Services to Transfer Money to India

🪙 Cheapest to a bank account	InstaReM
🎁 Special offers for first transfers	WorldRemit

With a population of over 4.5 billion, Asia is the continent with the highest number of people living there. China and India are the countries that have the largest population within the continent of Asia. This invariably implies that there will be a high number of business activities happening in that region. In like manner, the flow of money through diverse financial transactions will be tremendously high in these countries. People will tend to send money to India to purchase different products and make payments for services rendered.

Another important and industrious city in Asia is Malaysia. There are large organizations and businesses domiciled in Malaysia who have financial commitments with their partners in India. They often search for the best way to transfer money from Malaysia to India. In this article, we will highlight some of the best services you can use for your financial transactions within the country. These money transfer platforms are reliable means to wire money from Malaysia to India.

How to send money from Malaysia to India

The steps to follow when sending money via these money transfer services are easy to understand. Their platforms always have a user-friendly interface and are convenient to use. The processes are also similar to each service provider. The steps include:

1. Clients need to open an account on their platform and sign up.
2. Activate a transfer order and provide the details of the recipient.
3. Indicate the payment option you want to use for the transfer. There are often options of an e-transfer, debit, or credit card payment.
4. Tap the send button and the platform handles the rest.

The best services available for money transfers and currency exchanges from Malaysia to India include:

• TransferWise: This platform offers one of the cheapest transactions and their services are secure. TransferWise delivers cash transfers to several countries globally and services numerous currency pairings for exchanges.
• CurrencyLive: This is a globally accessible platform for currency exchanges that supports diverse pairings.
• Skrill: As one of the reliable and credible e-commerce business platforms in the world, Skrill supports over 40 currencies. It also provides services for the transfer of money globally at a relatively affordable price.
• Currency Transfer: This platform is notable for delivering suitable foreign exchange rates for both individuals and businesses. It is a British Company that offers financial services to a good number of customers.
• Western Union: Clients can transfer funds from Malaysia to India through this service provider. Western Union is one of the reputable money transfer services in the world and they handle the highest number of remittance transactions.

Which service is best to use?

The services highlighted above are the best you can use to send money from Malaysia to India. Deciding on the particular one to use depends on certain features and other transfer factors available on each of the platforms. These features guide users to choose the one that is best for them to use. Some of these important factors include the processing time, supported currencies, transaction fees, currency pairings available, and delivery methods.

How much does it cost?

There is usually no fixed cost or charge for transfers and currency exchanges on these platforms. The transaction fees often differ between service providers. For money transfers, the fee is often a percentage of the total amount, between 0 1% and 0.6%. Conversely, for currency exchanges, the marketplace index of currency pairings is marked up.