The world is getting smaller every day as people move between nations and continents in search of better opportunities for employment, education, and business. This is causing a rise in the demand for instant international money transfers.

In India, there are a lot of mediums through which we can transfer money internationally. However, it can be difficult to decide which of these is best. But don't worry, to make things easier for you, we have chosen the best apps for your international money transfer.

Best International Money Transfer App in India

The definition of "best" may vary from person to person according to their needs. Some people might need quick transactions regardless of higher transaction fees, while others might only want to pay the bare minimum. So, with these factors in mind, here is a list of the suitable apps for you.

International Money Transfer Apps in India

1: Wise (formerly TransferWise)

Rating :

4.3 out of 5 stars on the Google Play Store and 4.8 out of 5 stars on App Store.

Active users :

Around 13 million People and businesses use Wise to send and receive money internationally.

Sends to:

Over 40 nations, including the US, Australia, Singapore, the UK, and the United Arab Emirates and supports more than 50 currencies .

Wise Charges :

Account Opening: No charges ( or minimal charges for full feature access)

Sending money: fees vary by currency, typically around 0.45%.

Receiving USD wise payments : USD 4.14

Ease of account opening:

To open your Wise account, you just need to get verified, usually with some photo ID, proof of address, and/or a picture of you holding that ID. It usually takes about 2 working days to get verified, and then you are done.

2: PayPal

Rating:

3.8 out of 5 on Google play store and 4.8 out of 5 on Apple app store

Active users:

Around 429 Million People use PayPal to send and receive money internationally.

Sends to:

Over 200 countries and supports more than 25 currencies .

PayPal Charges :

Account Opening : No charges

Sending money: The transfer fee is about 5% of the transfer amount with minimum charges also.

Receiving money : The charges vary with amount and currency , generally 3.2% of receiving amount plus fixed fee based on the currency

Ease of account opening:

Opening an account with PayPal is simple; all you need is your personal information and a credit or debit card. After linking your one of the card, you are set for the transactions.

3: Payoneer

Rating :

3.5 out of 5 on Google Play Store and 4.5 out of 5 on Apple Store.

Active users :

About 4 million people use Payoneer to send and receive money international

Sends to :

Over 200 countries and supports only 7 currencies .

Payoneer Charges :

Account Opening : No charges

Sending money: The transfer fee varies from 2 to 3.5% of transaction charges with currency conversion fees.

Receiving money :The charges vary with amount and currency , generally 2% of receiving amount plus fixed fee based on the currency.

Ease of account opening :

You must provide personal information and a valid form of identification in order to sign up with Payoneer. Once you have done so, it could take a few days for Payoneer to review your application.

Which is the Best International Money Transfer App in India?

Wise may be the best option if you want a quick and inexpensive transaction. But, Payoneer would be better if your transactions are business-related or e-commerce-related and PayPal can prove best if you want both in one app regardless of fees.

So, the next time you think of sending money to a near-one abroad, remember to checkout the best international money transfer app in India.