Money Transfers: Rise of Remittance Apps in the UAE

The UAE, which is one of the largest outward remittance countries, is now moving at full throttle towards the more convenient, highly secure, and cost-effective channel of money transfers: online. Even though exchange houses keep opening new branches, the emergence of remittance apps is a clear indication of the change in consumer behavior.

Money transfer apps are an easy and convenient alternative to the long queues at exchange houses. Send money from anywhere, anytime, and save yourself time and effort. In other words, instead of spending time looking for parking and waiting for your turn, save time and do things that you love.

Platforms use encryption and multi-factor authentication to protect user data and financial transactions, thus making remittance apps totally safe and secure. There is no need to make multiple rounds of the ATM to withdraw cash and wait for the right time to send money. Just use your debit or credit card or transfer directly through your bank account when you feel the time and rate are right for you to send. It is totally safe.

Money transfer apps are trying to increase market share by offering better rates than the others. Make use of this by comparing the rates and fees and using the service offering the best exchange rate, thus giving you the best value on your money transfers back home.

Most apps and websites list their transfer fees online. Always ensure you check the fee in advance to make informed decisions and avoid unpleasant surprises. Sometimes your beneficiary bank may charge a fee or deduct a small portion of the money sent; always check all additional charges beforehand.

In today's age, just like everything else, we want our money to be transferred instantly, and this is an important factor in deciding the remittance service. Make sure you are aware of the transfer time of the service you are using, also do check if there is any additional fee or charge for instant money transfers.

With multiple payment and transfer modes, money transfer apps are slowly becoming the first choice for expats who send money home. They give you the flexibility of sending money anytime, from anywhere you are. To send money from the UAE using an app, all you need is a local UAE bank account and a valid ID. Compare the various services and select the one most preferable to you and register on it in minutes.

Remittance apps offer unparalleled convenience, security, and affordability. Experience smoother processes, access real-time exchange rates, and enjoy transparent fee structures through the online money transfer modes.