Remittance refers to the sending of money by a migrant worker in a foreign country to his or her family member in their home country. In a typical remittance scenario, the migrant worker in, say USA, sends money in one currency (USD) and their family member in, say India, receives the equivalent amount in another currency (INR).

Domestic money transfer is handled by national schemes like TCH RTP in USA, UK Payments FPS in UK and NPCI UPI in India. Unlike that, there are no scheme operators for cross-border money transfers. This complicates remittances in ways that a common man doesn't understand.

Through a network of correspondent banks, the traditional banking system overcomes these complications on behalf of the remitter and ensures that their money reaches their loved ones safely and quickly. But banks charge what's perceived by the common man as exorbitant fees for their service. This has created a flourishing base of third-party remittance service providers that claim to be free or near-free.

This website provides a list of such service providers, which includes fintechs as well as independent business units of banks.

Remit money at 0 transfer fees - Send money overseas 0 fees

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Best Payment Gateway for India | Cashfree - cashfree.com

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Remittance - Money Remittance Services with digibank by DBS

TravelMake the world your oyster, travel worry-free across more than 40 countries while digibank Remit takes care of your foreign remittance.  . What Makes ...

5 Best Ways To Send Money [#2 Is Totally Free] - Forbes

Here are the best money transfer services based upon different criteria such as low fees, accessibility, a range of payment method

10 Best Remittance Services to India - Mani Karthik

Xoom is a California-based remittance service provider that offers fast and hassle free money transfer, international bill payment & mobile reload services.

Remittance (International Money Transfers ) - HDFC Bank

Remittance Service offered by HDFC Bank lets you smartly send and receive ... Faster and hassle free transfers: Your money will reach within 72 hours of ...

International Money Transfers | Western Union India

Our current money transfer service is to overseas bank accounts only. Visit our FAQs for more information or call us from 9 am – 9 pm.