From XU Magazine, 
Online News

You can now send INR to more places, for less

June 7, 2021

Indian residents can now send money from India to 40+ countries — including Australia, Canada, Singapore, US, UK, UAE.
This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
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You can send INR from our Android or iOS app, or on the web. And you’ll get the real exchange rate, and even lower and transparent fees.

It’s expensive to send money from India internationally with banks, Western Unions and other service providers. Because they give you a poor exchange rate with expensive transaction fees. Now, you can send money from India for up to 3.9x cheaper with Wise, compared to leading banks.

From now till 31 July 2021, we will donate all fees for transfers from INR towards COVID-19 relief efforts for India.

Cheaper online transfers

Indians around the world are already using Wise to send money, including paying for education abroad. Because it’s:

  • Cheap — up to 3.9x cheaper than leading banks in India and 3x cheaper than PayPal
  • Easy — sign up and send money online within minutes, no need to visit branches
  • Global — send to 40+ countries around the world
  • Transparent — get the real exchange rate, like the one you see on Google

How to get started

Sign up online and complete your first transfer in six easy steps:

  1. Set up your transfer
  2. Tell us who you’re sending money to
  3. Verify your identity
  4. Choose how to pay
  5. Pay from your bank account
  6. Confirm the payment

And that’s it!

Invite your friends and get rewarded

Over 10 million people use Wise and most of them hear about us from people like you. Every friend that you invite to Wise will get a discount on their first transfer. We’ll reward you for inviting them too.

In India, you’ll get 1,001 INR, once three invited friends make a qualifying payment of at least 10,000 INR each. Your friend gets a free first transfer up to 25,000 INR. Start inviting your friends now.

Wise has the approval from the Reserve Bank of India to offer the service in India with a local bank partner.

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

Why leave it there?

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