The 6 Best Online Money Transfer Apps in India

Byron Mühlberg, writer at

Byron Mühlberg


Jarrod Suda


Jan 8, 2024
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If you're in India and seeking cheap and instant international money transfers, online money transfer apps provide a convenient alternative to costly and slow traditional bank wires. In this article, we will highlight the best online money transfer apps for sending or receiving money to and from India.

Using data from Monito's real-time comparison engine spanning May 2022 to May 2023, these apps include Remitly, XE Money Transfer, Panda Remit, Instarem, and others. With their low fees, competitive exchange rates, and speedy transactions, these apps ensure a seamless and reliable international money transfer experience.

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Here are the best money transfer apps to send money in India:

Remitly: Remitly is usually the overall cheapest option to send money to India. It's an excellent app if you are sending from the Eurozone (€).

Panda Remit: Panda Remit offers great transfers from popular corridors to India. It's ideal if you are sending from the US ($) and the UK (£).

Wise: Wise offers the best rates to transfer money from India to the Philippines. It is also a good app when sending money to Bangladesh.

Instarem: Instarem offers the best way to send money from India to the US, the UK, and Canada.

1 — Remitly

Remitly stands out as an industry leader, offering competitive exchange rates for international money transfers across the globe. With its exceptional Monito score, Remitly is a trusted choice for customers seeking a secure, fast, and cost-effective money transfer experience.

Based on recent data from Monito's comparison engine, Remitly emerged as the number one performing app for sending money to India. It proved to be the most economical option for 22.2% of all searches conducted on Monito's comparison engine, particularly for cash pickups, especially from the Eurozone.

More info: read our in-depth Remitly review.

Remitly is an excellent choice for those sending transfers to India from the following countries:

  • from the Eurozone;
  • from the United States;
  • from Canada;
  • from the United Kingdom.

2 — XE Money Transfer

XE Money Transfer is a renowned and highly regarded platform enabling money transfers to 130 countries and supporting approximately 100 currencies. With the backing of Euronet Worldwide, XE gives users confidence regarding the security of their funds. The majority of transactions are processed within one business day, ensuring a fast and efficient service.

According to Monito's data over the last 12 months, XE Money Transfer ranks as the second-best option for sending money to India from abroad, offering the most affordable rates for 16.9% of all searches conducted on Monito's comparison engine.

More info: read our in-depth XE Money Transfer review.

XE Money Transfer is a great choice for those sending transfers from the UK to the following countries:

  • from the United States;
  • from the United Kingdom;
  • from the Eurozone;
  • from Canada.

3 — Panda Remit

Panda Remit is a highly recommended money transfer service, particularly if you're sending money to India or China. Despite being a relatively new player in the industry, Panda Remit is a licensed and reputable remittance company offering a user-friendly mobile app with competitive fees and exchange rates.

Based on Monito's data from the past year, Panda Remit ranked as the third-best service overall for sending money to India. It offered the lowest costs for 16.8% of all searches conducted on Monito's comparison engine.

More info: read our in-depth Panda Remit review.

Panda Remit offers great transfers to India from the following regions:

  • from the United States;
  • from the United Kingdom;
  • from the Eurozone.

4 — Skrill

Skrill is a renowned participant in the global money transfer industry, offering competitive exchange rates for international remittances. It serves a wide range of countries and currencies, allowing transfers through debit and credit cards and earning positive feedback from customers.

According to data compiled by Monito over the past year, Skrill ranked as the fourth-best app for sending money to India, providing the most cost-effective solution for 12.0% of all searches conducted on Monito's comparison engine.

More info: read our in-depth Skrill review.

Skrill is well suited for international money transfer to India from the Middle East:

  • from Saudi Arabia;
  • from the United Arab Emirates;
  • from Qatar.

5 — Wise

Wise is a trusted and reputable choice for sending money internationally, especially for smaller to medium-sized transfers. It is recognized as one of the leading services worldwide.

Based on the data gathered by Monito over the previous year, Wise ranked as the top app for international money transfers from India. From May 2022 to May 2023, it provided the most competitive rates for 42.3% of all searches conducted from India through our comparison engine.

More info: read our in-depth Wise review.

Wise is a powerful service that offers the best transfers from India to the following countries:

  • to the Philippines;
  • to the United Kingdom;
  • to Bangladesh;
  • to the United States.

6 — Instarem

Instarem is known for its intuitive platform that is easy to sign up for, use, and navigate. Moreover, Instarem ensures speedy transfers, ensuring that your funds reach their destination within a day.

According to the data gathered by Monito in the last year, Instarem was a strong contender in the rankings. It secured the second position as the top app for sending money from India, offering the most affordable transfers in 41.4% of the searches conducted on Monito's comparison engine.

More info: read our in-depth Instarem review.

Instarem offers cheap money transfers from India to the following:

  • the United States;
  • the United Kingdom;
  • Canada;
  • Australia;
  • the Eurozone.

Compare app fees and rates before sending money in India:

Our Top App Picks For Money Transfer Apps in India for 2023

In contrast to banks, the money transfer apps featured in this guide offer affordable fixed fees and competitive exchange rate margins, maximizing the value of your transactions. We have evaluated these providers for transparency, service quality, fees, and customer satisfaction, providing you with the confidence to make an informed decision.

Sending Money to India

Here's a snapshot of the list we've reviewed in this guide, which we've assembled thanks to real time data from Monito's comparison engine. Sending money to India is low-cost and stress-free thanks to these top-ranked money transfer apps:

  1. Remitly;
  2. XE Money Transfer;
  3. Panda Remit;
  4. Skrill.

Sending Money From India

Below are the best apps to use in 2023 to send money from India to overseas. We've gathered data from May 2022 to May 2023 to give you the most accurate results:

  1. Wise;
  2. Instarem.

Best Apps By Sending Country

Here are the best apps in India to send money in 2023, categorized by the countries that send the most remittances to India:

Compare the best international money transfer apps in India to send money:

Frequently Asked Questions About International Money Transfer Apps

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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  • Monito's experts spend hours researching and testing services so that you don't have to.

  • Our recommendations are always unbiased and independent.

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