Top Startups in Remittance landscape of India

Instarem, a licensed cross-border payments startup operating in Singapore, Australia, Malaysia, Hong Kong, Indonesia, Japan, India, Europe, United Kingdom, United States & Canada. The startup offers international money transfer from India to pay for overseas with fast, low-cost, safe and transparent payment process.

BookMyForex, an online money and remittances service providing startup in India operates as a marketplace for foreign exchange by partnering up with reputed foreign exchange firms and selected banks to fulfill the foreign money exchange requirements of the users.

Bengaluru-based startup, XFlow is a well-structured payment platform for cross-border transaction that simplifies the system of compliance checks such as identifying the purpose of transfer, documenting up forms and offering access to e-FIRA – Electronic Foreign Inwards Remittance Advice.

Vance, a Mumbai-based startup offers a global banking solutions for NRI. It provides a diverse range of financial services such as mutual fund investments, handling NRE/NRO accounts digitally and many other form of money transfers.

Rather than bridging the financial gaps, Indian startups in remittance sector are building a corridor to elevate economic development and transform every transaction towards an inspiring future!

Lastly, by harnessing the innovative technologies and user-centric approach, startups have redefined the remittance sector of India significantly. Through their unwavering efforts and initiatives, startups have made the remittance solutions and services more strong, convenient and obtainable for wider audience. This ultimate shift has nurtured a well-balanced, advanced and competitive market that tends to benefit users with better output and transparency.

As the landscape of remittance remains upward, the role of startups will continue to drive further advancements and ensure that the accessibility to financial services scope each and every corner of the nation.