Indians sending money abroad or receiving international payments face expensive traditional options. Banks charge ₹1,500-3,000 per outward remittance plus 2-4% markup on exchange rates. Western Union and MoneyGram add high fees on top of poor rates. Freelancers receiving payments via PayPal lose 3-4% to conversion fees. NRIs sending money home to India watch banks eat into their transfers. Students receiving family support abroad lose significant amounts to intermediary charges. Forex dealers offer competitive rates but with limited coverage. Wise uses the real mid-market exchange rate with transparent, low fees — no hidden margins. Send and receive money across 80+ countries at a fraction of bank costs.
Transfer Service Comparison
| Service | Exchange Rate | Fee | Speed | Transparent |
|---|---|---|---|---|
| Wise | Mid-market | Low | 1-2 days | Yes |
| Banks | +2-4% markup | ₹1,500+ | 3-5 days | No |
| Western Union | Marked up | High | Minutes | No |
| PayPal | +3-4% markup | Medium | 1-3 days | Partially |
Transfer Money Smartly
Send with Wise — real mid-market rate, low fees, 80+ countries covered. Learn finance on Udemy — personal finance courses from ₹449.
Why Indians Choose Wise
- Real exchange rate: Mid-market rate — save 2-4% vs banks
- Transparent fees: Fee shown upfront before you confirm — no hidden charges
- Freelancer payments: Receive USD/GBP/EUR at real rates into INR
- NRI remittances: Send money home cheaply from anywhere in the world
- RBI compliant: Fully compliant with Indian regulations
Frequently Asked Questions
Available in India?
Yes. Send and receive international transfers — fully RBI compliant.
For freelancers?
Yes. Receive client payments at real exchange rates — save thousands yearly.
How fast?
Most transfers arrive in 1-2 business days — some within hours.
Safe?
Yes. Regulated globally — trusted by 16+ million customers worldwide.
Related: Money Transfer | Earn Money | Freelancing Payments