Remittance services have evolved in the last few decades, with the latest entrant in the remittance market being the online remittance services. Online money transfer to India from Canada is a common practice with the numerous Indian migrants in Canada remitting substantial amounts to their motherland. A combination of swiftness, cost-effectiveness, security and user-friendliness makes online remittance services a highly attractive option for sending money to India from Canada and from other nations.
One thing, which needs to be kept in mind by online remitters, is that they must never conduct an online remittance from a public computer. This could harm the confidentiality of their transactional details. One must also adopt all precautionary measures, laid down by the online remittance service provider, during the remittance process.
Online remittance services have an almost universal reach, enabling people to transfer money from any corner of the globe. This is not necessarily the case with conventional money transfer services.
Online remittance services are highly convenient, with the remitter having no need to pay a visit to a bank for starting the transactions. There is no need to visit money transfer agent locations, who are likely to charge higher transfer fees. With traditional transfer methods, it will mostly not be possible to track the status of your transactions. With online remittance services, the facility of tracking the status of your transactions is available and is extremely helpful for the remitter.
Thus, the dynamism of online remittance services is likely to ensure its continued growth in the market for many coming years.