In this era of economic globalisation, the immigration of people for reasons of employment is commonplace. Many Indians have immigrated overseas for the sake of better economic and professional prospects. Once they settle down there, they begin to transfer a slice of their income to their homeland. Sometimes, the reason behind such remittances is that the remitters want to aid their friends/relatives in India. In any case, scores of overseas Indians are involved in sending money to India. For many Indians living in Germany, the optimal way to transfer money to India from Germany is the online way.
What especially attracts the overseas Indians to the online money transfer platform is the value proposition of these online money transfer services. Many prominent online remittance services offer free money transfers if the amount remitted is above a certain number. Even if a transfer fee is charged, it is rather minimal. Thus, more money of the remitter reaches their Indian recipient. Cost-effectiveness of online remittance services is a major attraction of these services, because of which the number of subscribers to these services has swelled.
Thus, the online money transfer service has become an inseparable part of the lives of a large number of people. Overseas Indians rely on online remittance services a lot for their remittance needs
