You’d be shocked to realise you’ve been paying too much to send money to India from Canada. While this won’t be a pleasant surprise to senders who use platforms like Pesa, Remitly, Xe Money Transfer, Western Union and Wise, at the end of the day, much of it comes down to exactly how much you get charged to transfer CAD to INR.

Despite the fact that speed matters when sending money to countries like India, which receive about C$4 billion from Canada every year, a sender must factor how he gets charged to send CAR to INR. Let’s be clear about one thing—money transfer to India via traditional banking is simply consenting to be charged unnecessary high transfer fees.

This doesn’t rule out the fact that apps like PayPal amongst others, are by themselves still muddled up in this same ‘’high fee’’ service that culminates to about $150 million tapped yearly from unnecessary fees. Hence, if you intend to send money to India from Canada, amongst other things, you should factor the commissions and fixed fees before opting for a service. Platforms like Pesa, have embedded rate converters that enable you see what rate you’re converting your CAD to INR transfer with. Other rate converters that give you real time exchange rate include Xe currency converter and Manito comparison Engine.

But again, even though platforms like Pesa charge zero fee to users, compared to its counterparts like Wise and CurrencyFair who with their 2-4 days delivery margin keep ponying up transfer fee from senders, a balanced way to examine the best apps to send money to India from Canada would involve considering a variety of factors like payment methods, transfer time, fees and rates, all balanced against their respective performance ratios.

What Influences the Cost of Money Transfer from Canada to India?

Before you send money to India from Canada, you must be aware of factors that may affect the total amount you spend, sending money from Canada to India.

Quite a number of people agree that the cheapest way to transfer money internationally is with the use of money transfer apps or services. Their rates in general are more competitive than what you get from traditional banks and PayPal. The fees you pay on these platforms depend on a number of things, which are:

Pay-in Options:

Options include credit card, bank transfer, cash payment, and more. Transfer Amount from Canada to India: The most cost-effective service may differ for a transfer of $100 compared to a transfer of $100,000. This means that some services charge you as higher you go, regarding the amount to be sent.

Transfer Speed:

Factors like the urgency of availability plays a role here too. Does money need to be available immediately, or if the recipient can wait a few days.

Pay-out Options:

This determines whether the money will be deposited into the recipient's bank account or if they will receive it in cash.

Choosing The Right App to Send Money to India from Canada

As stated earlier, choosing the right app to send money to India from Canada comes down really to what the sender prioritises the most. For example, comparing the brands in the chart above in terms of affordability, Pesa and Remitly ranks ahead of others.

This of course would be only if we’re considering bank account transfer as the pay-out method. Pesa however, performs better than Remitly if what the user is precisely looking for is the fastest app to transfer CAD to INR.

So, while it is tempting to outrightly crown one of these platforms as the best app to send money, a certain stress exists here, in that one has to consider several factors and each platform performs precisely better than others in those domains. However, at the end, we will attempt to find the service with the best performance across all domains.

Pesa

With the rapid technological advancements we are witnessing today, the world of money transfers has undergone a significant transformation. Traditional methods often fall short in meeting the demands of today's world where speed is key. Pesa emerges as a frontrunner here, redefining the standards for sending money to India from Canada.

Unlike traditional services that prioritise physical infrastructure, Pesa leverages cutting-edge technology to deliver unparalleled speed and convenience. By eliminating unnecessary intermediaries, Pesa ensures that your money reaches its destination faster than ever before. This is a stark contrast to older methods that often involve multiple steps, delays, and higher fees.

Furthermore, Pesa's commitment to transparency sets it apart. Unlike some providers that may obscure fees or exchange rates, Pesa offers upfront pricing, empowering users to make informed decisions. This level of openness is a rarity in an industry notorious for hidden charges.

In essence, Pesa isn't just another money transfer service; it's a testament to how technology can enhance financial transactions. By combining speed, transparency, and a user-centric approach, Pesa has positioned itself as the preferred choice for those seeking a modern, efficient, and cost-effective way to send money to India.

Xe Money Transfer

Xe Money Transfer, known for its competitive exchange rates, is a popular choice for those seeking to maximise their money when sending to India. The platform is intuitive, making it easy to navigate for both tech-savvy and novice users. While speed can vary based on destination and chosen delivery method, Xe generally offers reasonable delivery times. However, it's essential to scrutinise the fee structure as charges can sometimes escalate for larger transfers. Customer support is available, though response times might vary.

Wise (Formerly TransferWise)

Wise has gained significant popularity for its transparent fee structure and competitive exchange rates. When sending money to India from Canada, Wise often presents a cost-effective option. The platform is user-friendly, and the transfer process is generally straightforward. While speed can fluctuate based on various factors, Wise strives to deliver funds efficiently. Customer support is responsive, with various channels available for assistance.

Western Union

A longstanding player in the money transfer industry, Western Union boasts a vast agent network, making it convenient for cash pickups. However, it's essential to be aware that fees can be higher compared to other digital options. While Western Union has made strides in improving its online platform, the user experience might not be as seamless as some newer entrants. Customer support is generally available, though wait times can vary.

Remitly

Remitly has carved a niche for itself in the world of money transfers, and has an A-rated performance if one is looking to send money from India to Canada. Its user-friendly app and website make the process of sending money so easy. Offering competitive exchange rates, Remitly also shines in terms of speed, often providing faster delivery times compared to traditional methods. However, like many other services, fees can vary based on the transfer amount and chosen delivery method. From user experience report, customer support is generally responsive and they address queries efficiently.

What Pesa App Users are Saying

With more and more users adopting Pesa for its growing impact, it currently occupies a central space in the cross-border transfer ecosystem, alongside giants like Wise and Remitly, all three boasting a stellar rating of 4.7/5 in the app store.

In contrast, Western Union lags behind with a rating of 2.3. In contrast, a superb rating as that of Pesa’s reflects its commitment to being the fastest international money transfer service. Here’s what some Pesa users have to say about their experiences with this top-rated app:

"I only recently heard about Pesa from my son who schools in Winnipeg. Initially, I was hesitant about using it. However, I'm glad I did because there is none like it in terms of service delivery and their conversion rates." - Ashwin

"It's my first time using Pesa and it's stress-free, up to date, excellent services. I recommend it for everyone." - Krishiv

"Pesapeer is awesome, great and slick UI, and sending money has never been so easy. With awesome rates. Lastly, it's just so easy to use." - Harish

So What is the Ultimate Choice?

Choosing the right platform to send money to India from Canada is a decision that demands careful consideration. While several options exist, Pesa emerges as the superior choice for those prioritising speed, transparency, and a seamless user experience. Unlike traditional services often burdened by complex processes and hidden fees, Pesa offers a refreshing alternative.

By eliminating unnecessary intermediaries and leveraging advanced technology, Pesa ensures your money reaches its destination swiftly and securely. This commitment to speed is unparalleled, setting a new standard for the industry.

Furthermore, Pesa's dedication to transparency is evident in its clear fee structure and competitive exchange rates. Unlike some providers that may obscure charges, Pesa empowers users with complete control over their transactions. In an era where trust is paramount, Pesa's commitment to openness fosters strong customer relationships.

Ultimately, the choice of money transfer service boils down to individual needs and preferences. However, for those seeking a blend of speed, security, and transparency, Pesa stands out as the clear winner.