"Sending remittances to India is more than a financial transaction-it is a lifeline that keeps families connected. According to the World Bank, India remained the world's largest recipient of remittances in 2024, receiving an estimated US$129 billion. These inflows help families in India pay for daily expenses, education, healthcare and emergencies. The United Kingdom and the Netherlands host large Indian‑origin communities that regularly send money home."
"ACE Money Transfer is a digital remittance platform regulated by the UK's Financial Conduct Authority (FCA) and is designed to eliminate the pain points of traditional transfers. This detailed guide explores the best ways to send money to India from the UK and shows how you can transfer money to India from the Netherlands with ACE Money Transfer. We'll discuss exchange rates, fees, payout methods, security, step‑by‑step instructions and tips for maximising value."
Remittances are a vital financial lifeline for millions of Indian households, with India receiving an estimated US$129 billion in 2024. These funds support daily expenses, education, healthcare and emergencies, and carry emotional significance for migrants in the UK and the Netherlands. Traditional bank wires and cash agents often impose high fees, unfavourable exchange rates and slow delivery, reducing the value received. Digital remittance platforms regulated by the UK's FCA, such as ACE Money Transfer, can offer lower costs, competitive rates, faster transfers and multiple payout options. Key factors to evaluate include fees, exchange rates, payout methods, delivery speed and security.
Read at London Business News | Londonlovesbusiness.com
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