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Smart Ways to Send Money: Reliable Remittance Services from UAE to Asian Countries

Phoenix Baker • Money Transfer Guide • 19 Jan 2022

Today’s guide is all about navigating the UAE remittance market and tips to choose the smarter way of transferring money internationally, an essential lifeline for millions of expatriates.

What You’ll Learn

In this guide, we’ll explore:

  • The UAE remittance market and its importance for expatriates.
  • Tips for choosing the best remittance service based on your needs.
  • Tips to avoid hidden fees and maximize your transfer value.
  • Benefits of using digital remittance platforms.
  • A checklist for making smarter, secure, and cost-effective remittance decisions.

What You’ll Learn

In this guide, we’ll explore:

  • The UAE remittance market and its importance for expatriates.
  • Tips for choosing the best remittance service based on your needs.
  • Tips to avoid hidden fees and maximize your transfer value.
  • Benefits of using digital remittance platforms.
  • A checklist for making smarter, secure, and cost-effective remittance decisions.

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How To Choose the Best International Money Transfer Tool?

Think about it: Your money is precious! You wouldn’t trust just about any app to handle your international transfers. Pick a trusted provider—it’s your first defence against scams. Here’s how you can do that:

Transfer Speed

Does the platform guarantee fast delivery, even if you must pay a little extra?

Secure Platform

Is the online money app licensed by the UAE financial authorities? Check for their certifications and encryption protocols

Easy Navigation

Is the platform easy to use,or does it make you feel likeyou are solving a Rubik’sCube, blindfolded.

Pro Tip:

Take a look at LeoCompare’s platform, for instance. It’s an international money transfer comparison tool that helps you compare top money transfers in the UAE for fast and secure options and the best exchange rates.

Pro Tip:

Take a look at LeoCompare’s platform, for instance. It’s an international money transfer comparison tool that helps you compare top money transfers in the UAE for fast and secure options and the best exchange rates.

How to keep your money safe when sending it abroad?

No jargon, just the essentials.

Money transfers on top online apps sounds harmless, but we have heard more than our fair share of hacking incidents worldwide.

Here’s how you can stay secure:

  • Create Strong Passwords

Create complex and unique passwords for each account. For example, a password like 123456 (claimed to be the world’s worst password) can be hacked in 10 seconds.

  • Use Two-Factor Authentication

Two-factor authentication adds an extra layer of security. To keep hackers at bay, you can choose SMS, biometrics, or set up a push notification to approve the attempt to access the account.

  • Try and Avoid Public Wi-Fi

That café Wi-Fi might be great for scrolling Instagram, but it’s a no-go for financial transactions. Use a private, secure connection when handling sensitive money transactions. It’s best to stick to private networks like your home or office. Avoid cafes, restaurants, and hotel
rooms.

LeoCompare works with trusted money transfer partners who have
advanced technology to keep your transactions safe from online fraud.

How To Speed Up Your Money Transfers?

In most emergencies, time isn’t on our side. A speedy transfer makes life easy. Learn how to save precious hours by:

Choosing
Instant Transfers

Many platforms offer instant transfers to specific countries, so always check if this service is available when choosing your remittance method.

Opting for
Digital Wallets

You can skip keying in your card details with Digital Wallets. Just use your phone number linked to the wallet. It is faster, seamless and also uses biometric authentication to be safer.

Being Aware of
Time Zones

Sending money late in the day? It could already be after business hours where your recipient is. Plan accordingly and monitor the time zones. Try transacting during banking hours in both countries.

Choosing
Instant Transfers

Many platforms offer instant transfers to specific countries, so always check if this service is available when choosing your remittance method.

Opting for Digital Wallets

You can skip keying in your card details with Digital Wallets. Just use your phone number linked to the wallet. It is faster, seamless and also uses biometric authentication to be safer.

Being Aware of Time Zones

Sending money late in theday? It could already be after business hours where your recipient is. Plan accordingly and monitor the time zones. Try transacting during banking hours in both countries.

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Why Exchange Rates Matter in International Money Transfers

Exchange rates can swing wildly. You should find ways to get the most value for
your money. Here is what you can do:

  • Plan Ahead

If you are not in a hurry, you can monitor exchange rates and transfer
money only when the rates are in your favour.

  • Compare between providers
Use international money transfer comparison tools to compare exchange rates in real-time and find a good deal.

LeoCompare works with trusted money transfer partners who have advanced technology to keep your transactions safe from online fraud.

Common Mistakes to Avoid While Transferring Money

Some slip-ups can drain your wallet or delay your transfers. Here’s what to
remember:

  • Incorrect recipient details

A single typo can derail your transfers. Therefore, check every detail thoroughly before you hit ‘send.’

  • Compare before you decide

Don’t settle for the first money transfer provider you come across. Instead, use LeoCompare to compare between many top providers and get the best deal.

  • Don’t assume it’s done

Track your transfers until it reaches your recipient on time. If there is a setback, you can touch base with customer support to understand what’s causing the delay.

Tips For Saving Money On International Transfers Online

Wouldn’t you love a good bargain? Here are some simple tips to help you save money on transfers

Transparency

Think of hidden fees in exchange rates as the sneaky extra guest at dinner they pile up their plate when you’re not looking. Choose money transfer providers that list all charges upfront.

Track real-time exchange rates

Like mentioned, exchange rates fluctuate often. Opt for rate alerts to know when the best exchange rates are available on that day.

Deals
and Discounts

Like mentioned, exchange rates fluctuate often. Opt for rate alerts to know when the best exchange rates are available on that day.

Transparency

Think of hidden fees in exchange rates as thesneaky extra guest at dinner they pile up their plate when you’re not looking. Choose money transfer providers that list all charges upfront.

Deals
and Discounts

Sign up for newsletters and instant alerts to grab good deals like discounts and promotional offers.

Track real-time exchange rates

Like mentioned, exchange rates fluctuate often. Opt for rate alerts to know when the best exchange rates are available on that day.

International money transfers need not be a headache. With the right tools and thoughtful planning, you can ensure your money gets where it needs to be-quickly and securely.

Want the best rates and the smoothest transfers? Try LeoCompare.

It’s your assistant for international money transfers, minus the hefty fees.

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Sumit
Sumit
1 year ago

Article nice need to work clear

shilpa
shilpa
1 year ago
Reply to  Sumit

yeah really it looks good and simple

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