We may be anywhere in the world for job purposes, like in Canada, the United States, the United Kingdom, etc. and often we need to send money to our family or friends. Therefore, we look for the most secure and fastest money transfer app instead of online.
A mobile app is very useful as we keep it with us on a 24/7 basis. There are many apps available for money transfers that support Canada to India as well as other countries.
But, out of the options, we will only pick 4 apps that have an easy-to-use interface, are secure, fast, and charge less. You can use any one out of four to manage your finances and transact with your family and friends easily.
If you live in Canada and are looking for the best money transfer apps, this article will help you to know the supported countries and much more.
Best Money Transfer Apps from Canada to India (2024)
Mobile payment apps have gained popularity in India, Canada, the USA, UK as well as in other countries of the world. Here, we will cover the uses of mobile payment apps, their benefits, and financial transactions domestically and internationally.
These payment apps have changed the way we manage our banking and finances with ease. And also provides a secure transaction experience.
You can transfer funds, make purchases, pay bills, and even manage your budget with just a few taps on your mobile. Below is a list of the top 4 best payment apps that allow you to transfer money from Canada to India securely.
- XE Money Transfer
- Western Union
- Wise
- Remitly
1. XE Money Transfer
XE Money Transfer is part of the Euronet Worldwide (NASDAQ: EEFT) family, a popular leader in currency exchange. Together, it also allows you to transfer money to over 200 countries in the world.
It offers the most simple, reliable, and friendly money transfer service and is completed within one business day.
As per Monito data, in the last 12 months, XE Money Transfer ranks as the second best option for sending money from abroad to India.
It offers the cheapest rates of 16.9%. XE Money Transfer is a great option and you can send from 35+ countries in the world:
| From | To |
|---|---|
| Canada to India | Australia |
| Denmark to India | Bangladesh |
| Switzerland to India | Canada |
| United Kingdom to India | Germany |
| Bahrain to India | Denmark |
| Australia to India | India |
| Czechia to India | Japan |
Click here for more details:
Benefits:
- With XE, you can send money directly to the mobile devices of friends and family in over 35 countries.
- Mobile wallets provide a fast, secure way to send, store, and receive money.
- Once we receive the payment, the transfer is available in the recipient’s Wallet app within minutes.
2. Western Union
The Western Union Money Transfer app allows you to transfer money securely to multiple countries. It has advanced encryption technology that protects your sensitive financial information during transactions.
You don’t have to worry, you can easily send money globally, track it in real-time, and receive notifications upon completion. This app supports many regions and countries, such as the UK, Germany, France, Spain in Europe, India, China, the Philippines in Asia, Kenya, Nigeria, South Africa in Africa, etc.
You can register online and get better exchange rates and $0 fees on your first transfer. Read more about Western Union for international money transfers on its official website.
3. Wise Money Transfer
Wise is an international money transfer platform that offers its customers various finance services and products. It was launched in 2011 and aimed to make international money transfers cheap, fair, and simple.
You can open your multi-currency accounts to transfer funds, track transactions and manage balances securely in real-time.
You can send INR to your family or friend’s bank accounts in India including NRE and NRO accounts or UPI ID. It takes two working days to receive money. Below is the list of supported countries for money transfers through the Wise app:
- Argentina
- Australia
- Bangladesh
- Brazil
- Canada
- China
- Hong Kong
- India
- Indonesia
- Japan
- New Zealand
- United States of America
- United Kingdom
- United Arab Emirates
- Singapore
Note: Wise supports more countries that are not included here, it supports around 50+ countries. Click here for more information.
Benefits:
- Favorable Conversion Rates.
- Fast money transfers to international accounts.
- Instant fund transfer to others.
- You can hold more than 40 currencies.
- It offers low fees.
- User-friendly interface.
4. Remitly Money Transfer
The Remitly app makes international money transfers easy. It has a user-friendly interface which the users love. If you want to send money from Canada to India or other countries, you can do it in just a few taps. Today, Remitly operates financial services for immigrants and their families in more than 170 countries around the world.
List of some major countries:
- India
- Albania
- Algeria
- Argentina
- Australia
- Bahrain
- Bangladesh
- Belgium
- Bazil
- Canada
- Chile
- China
- France
- Hungary
- Italy
- Laos
- Latvia
- Pakistan
- Russia
- Saudi Arabia
- South Africa
- United Kingdom
- United States of America
Click here for more countries:
Remitly has partnered with various banks to provide you with multiple delivery options such as Cash Pickup, Bank Deposit, Mobile Money, and more in India.
Benefits:
- You can track your transfer every step of the way.
- Great value.
- Great rates and no hidden fees.
- Guaranteed delivery time.
- You can be sure the transfer will be done on time.
- Otherwise, they will refund your fee.
FAQs
There is no upper limit for money transfers from Canada to India to an NRE account or others. If you are sending more than Rs 50,000 to someone in India who is not your relative, they will have to pay tax to the Government of India.
1: XE Money Transfer is the best option to send money from Canada to India. It is the cheapest and you can send money to many countries like the USA, India, the UK and many other countries. However, it all depends on the individual’s preference, some people prefer Western Union for transactions.
3: Wise is also a great option for money transfers to India, the USA, Bahrain, the UK, and other countries.
4: Remitly operates financial services for immigrants and their families in more than 170 countries around the world, including India.
Making international payments through Gpay is not easy, as most payment apps do not support it. Here, you must have an account with Wise or Western Union for international GPay transfers. You can send money to over 80 countries in the world but for direct transfers, Gpay supports the USA to India and Singapore only.
No, you do not need to pay any tax as you would have already paid tax on your income abroad.
You can make payments of up to Rs 700,000 per financial year using your international debit or credit card. This transaction will not be subject to any tax.
Bank transfers are the cheapest option when it comes to international money transfers, rather than debit or credit cards.
Source:
- https://www.xe.com/send-money
- https://www.westernunion.com
- https://wise.com/in
- https://www.remitly.com/us/en/india
