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You may need to remit to India at any point of time as your near are dear one have been living in India. Before initiating remittance online, you should check the domain name and its authenticity. Last of all, it is also noteworthy to know the reviews of the transferring portal when you send money from Australia, USA, UK, and Canada or maybe some other destination of the world.

Nowadays, the exchange rate to India is extremely profitable. Almost all the segments have been generating lucrative business and money by exporting not only technological products but also indigenous products. The people also transfer money to Philippines, China, Mexico and Bangladesh etc. which is a symbol of global growth. However, India has remained popular for being recipients of highest inward remittance.

It is an electronic funds transfer method that is considered one of the safest modes of remittance, especially when you are sending a huge amount to another country.

It is an electronic funds transfer method that is considered one of the safest modes of remittance, especially when you are sending a huge amount to another country.

The report titled "Global Mobile Money Industry Prospects till 2019 - Emergence of Disruptive Solutions and Governmental Support to Drive Growth" provides an in-depth analysis of the Global Mobile Money Industry. The report covers specific insights on the market size in terms of value, segmentation by geography and by m-wallet, MPOS, M-banking and M-payment segmentation of major countries along with the drivers and restraints, recent trends and developments, government regulations and future outlook of the mobile money Industry at the global level. The rising ownership of smart phones across the developing and developed markets has facilitated the growth of mobile payment solutions across the world. The total value of mobile transactions processed throughout the world is expected to escalate to USD ~ billion in 2019 surging at a CAGR of 122.2% over the period of 2015-2019. The massive increase in the payments, remittance and banking value is anticipated to be driven by Asia-Pacific region, with countries including China and India.

Now there are many startups in the payments space with their own tech unique solutions, InstaReM being a very promising one. InstaReM allows users to remit money from Australia to many Asian countries in a cost effective, quick and secure manner.